The SEC fundamentally misunderstands cryptocurrency

Jafar224

He stated, "The SEC is still trying to educate themselves rather than the public. Right now, they just want to fight cryptocurrencies, and in their framework, all cryptocurrencies are seen as securities. But the fact is not all cryptocurrencies are securities, and they just want everything to happen within the same framework."

Regarding Twitter CEO Jack Dorsey's recent statement expressing the hope that Bitcoin becomes the default currency on the internet, Mougayar commented that he believes Bitcoin will be one of the default currencies but not the only one; there will be other currencies.

Mougayar asserts that Ethereum will "absolutely" replace Bitcoin because it has the largest developer, startup, and venture capital ecosystem, along with a massive supporter base. He states, "The important thing is not just the technology itself but who is using it."

Kapil334

There is always a process when something new comes out.

Shri333

The officials there are just some outdated bureaucrats, aren't they?

Ritu77

The core essence is something that nobody can control, right?