Hello!
I have been a long time Ethereum holder - but I just wanted to know people’s opinion regarding the current SEC investigation and trying to list it as a security.
Firstly, if that were to happen, not only will whales start selling -> leading to a huge price drop during bull market. Additionally, people will start buying just BTC as it’s the only truly decentralized crypto.
Next, what happens to ERC-20 tokens? Not only that, the reason that seems to be behind ETH for this investigation is its switch from proof of work to proof of stake. This means all other cryptos that are PoS will follow?
Just want to know people’s opinion here. Am I worrying for the right reasons or am I overthinking this?
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