More / Bitcoin Reddit - 11 months ago

Bitcoin Is the Only Truly Scarce Commodity on Earth. Don't Trust me, Verify.

submitted by /u/sylsau [link] [comments]

by COINS NEWS - 1 year ago

Commodity Strategist Warns US Economy Heading Toward 'Severe Deflationary Recession'

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when yo...

More / Bitcoin Reddit - 1 year ago

Bitcoin is not a commodity, Bitcoin is not a security, Bitcoin is a currency.

It seems ChatGPT would also agree. "Bitcoin is often referred to as a digital currency because it shares some characteristics of traditional currencies such as the US dollar, the euro, or the Japanese yen. However, Bitcoin is not backed by a gov...

by COINS NEWS - 1 year ago

Security vs commodity: what's the difference and why does it matter?

TLDR: Cryptocurrencies can either be classified as securities or commodities. This determines how strictly they are regulated, as well as how they are taxed. Gary Gensler and the SEC are pushing for cryptocurrencies to be considered securities, and t...

Cryptocoins News / The Cointelegraph ​ - 1 year ago

US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

Securities and Exchange Commission chair Gary Gensler has said the SEC considers Bitcoin a commodity, but refused to pin down Ether at an oversight hearing. Patrick Mc...

Cryptocoins News / The Cointelegraph ​ - 1 year ago

US House committee chair repeatedly presses Gary Gensler: ‘Is Ether a commodity or a security?’

SEC Chair Gary Gensler has said the SEC considers Bitcoin a commodity but refused to pin down Ether at an oversight hearing. Patrick McHenry, chair of the United State...

by COINS NEWS - 1 year ago

Gary Gensler's inability to answer if ETH is a commodity or security, video

The House Committee Chairman McHenry got the chance to grill Gensler about ETH and whether it was a commodity or security. Needless to say it did not go well for Gary. Not only did he not give any straight yes or no answers but he tried to fili...

More / Bitcoin Reddit - 1 year ago

Why Governments are Pushing for Bitcoin to be a Commodity

submitted by /u/asso [link] [comments]

Bitcoin News / Google News Bitcoin - 1 year ago

Anthony Scaramucci Is Bullish As Ever, Says Bitcoin Is 'Definitely A Commodity’ - Decrypt

Anthony Scaramucci Is Bullish As Ever, Says Bitcoin Is 'Definitely A Commodity’& & Decrypt

Bitcoin News / Bitcoinist - 1 year ago

Litecoin Dubbed A Commodity By CFTC Could Reignite Digital Silver Narrative

Litecoin was deemed a commodity today in a CFTC lawsuit filing against Binance. With the altcoin now potentially safe from further scrutiny from the SEC, a new digital silver narrative could take shape. Here’s why. Litecoin Officially Labeled A...

Cryptocoins News / The Cointelegraph ​ - 1 year ago

CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

The suit claims Binance used Ether as a commodity in its financial products, experts explained, which says little about the basic nature of the coin. The United States...

by COINS NEWS - 1 year ago

Litecoin deemed a digital commodity by CFTC (Safe from SEC)

submitted by /u/libretumente [link] [comments]

by COINS NEWS - 1 year ago

CFTC lawsuit calls ETH a Commodity

The initial reaction to the CFTC lawsuit against Binance was negative, and understandably so. However, there is a silver lining to the lawsuit. According to a CNBC summary of the lawsuit (the actual Compliant I have not seen), apparently in the fili...

Bitcoin News / Bitcoin.com - 1 year ago

Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone

Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends...

More / Bitcoin Reddit - 1 year ago

Since bitcoin is a commodity according to the SEC, If I were to setup a shop like how coin shops or jewellery shops do but instead you walk in and buy/sell BTC for cash no kyc ,will the powers that be come after me for money laundering?

Does such places exist in the US? I’ve seen some in other countries. submitted by /u/shadyghxst [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 1 year ago

Is crypto a commodity or a security?

This case goes beyond the survival of Ripple and XRP. It actually lays the predicate for the SEC to charge many of the other cryptos as securities. The crypto industry...

Bitcoin News / Bitcoin.com - 1 year ago

CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman

The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog w...

by COINS NEWS - 1 year ago

CFTC Chair Contradicts Gary Gensler, Says "Ethereum is a Commodity"

submitted by /u/Weaver96 [link] [comments]

Bitcoin News / Google News Bitcoin - 1 year ago

CFTC Chair Says Ethereum Is a Commodity—Despite Gensler’s ... - Decrypt

CFTC Chair Says Ethereum Is a Commodity—Despite Gensler’s ...& & Decrypt

Bitcoin News / Google News Bitcoin - 1 year ago

Commodity Strategist Mike McGlone Predicts a Recession as Top ... - Bitcoin News

Commodity Strategist Mike McGlone Predicts a Recession as Top ...& & Bitcoin News

Bitcoin News / Bitcoin.com - 1 year ago

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update...

by COINS NEWS - 1 year ago

Nano: the hardest and only known fixed supply commodity in existence

A discussion on scarcity, monetary hardness, and the commonly conflated concepts of consensus, leader selection, and supply creation (issuance) https://preview.redd.it/dm2z2p9aylha1.png?width=600&format=png&auto=webp&s=97aa48697cbb3...

More / Bitcoin Reddit - 1 year ago

Bitcoin security vs commodity

I keep seeing arguments and clips of GG and Sec members discussing if btc is a commodity. Why is it important to have this differentiation and what does it mean for btc owners. submitted by /u/Sandman9393 [link] [comments]

More / Bitcoin Reddit - 1 year ago

GOLDMAN SACHS: Bitcoin is a commodity. It has no liability attached to it.

​ https://reddit.com/link/10y6rw5/video/4xkxnb4xd8ha1/player submitted by /u/hiddntoor [link] [comments]

Bitcoin News / Bitcoin.com - 1 year ago

Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession

Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that “cryptos may be facing their first real recession.” The Federal Reserve tightening despite the risk of a recession “could be a primary headwind...