Binance lays off over 1k Employees

Re:Binance lays off over 1k Employees by tippytippytango on Friday July 14, 2023 @02:46PM (#36728221)

bitcoin and crypto have long since parted ways, they are different things now. even from a regulatory perspective bitcoin is the only one that has clarity being defined as a commodity and not a security, everything else is in a grey area

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Re:Binance lays off over 1k Employees by meowkit on Friday July 14, 2023 @03:30PM (#36728801)

This isn't accurate.

BTC has the best legal argument for being treated as a commodity, but there has been no legislative decision on this.

The CTFC sees BTC and ETH as commodities. Gensler pre-SEC said BTC, ETC, and LTC are commodities. The SEC and Gensler post-SEC says they are all securities, except maybe BTC.

The Ripple decision (Yesterday) says that unless a crypto is contractually sold to an investor (e.g. not directly listed via an exchange) then its doesn't fall under the Howey test.

https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-r...

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Re:Binance lays off over 1k Employees by tippytippytango on Friday July 14, 2023 @07:16PM (#36731229)

thanks for clearing that up

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