Potential Ethereum Regulation Causes Coin to Drop Nearly 6%
The war on crypto continues as potential Ethereum regulation causes the coin to drop nearly 6% on Tuesday.
Government bodies have been dancing around the concept of whether cryptocurrencies are securities or commodities for quite some time now. The US Securities and Exchange Commission (SEC) has long been adamant that cryptocurrencies are securities and therefore require regulations. The SEC released a statement at the beginning of March labelling cryptocurrencies as securities and informing all crypto exchanges that they would need to register with the SEC for proper regulation.
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