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It seems like just another tactic from the SEC to delay crypto adoption

Etherum Reddit

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It is known for years that ETH will switch to PoS. The SEC had years to investigate and clarify weather PoS or staking services make ETH a security. So everyone and all exchanges could prepare for the Merge. But the SEC didn’t… Gensler just dropped a bom and keeps it vague. Why..? because financial institutions, large companies etc. wil not touch ETH PoS until it’s made clear what the rules are. Take a look at XRP, it take years to fight in court to get clarification. The SEC ain’t stupid. They have smart people working there, but they keep it vague on purpose. It seems like a tactic to delay ETH adoption. ETH won’t reach its full potential until it’s made clear what rules apply. Just my thoughts…

submitted by /u/jc-c
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