In this video, I discuss the New York Attorney General's suing KuCoin for operating an unregistered crypto casino. In the filing, the AG rightly asserts that ETH is a security.
Ethereum is a centralized software project, funded by issuing unregistered securities (ETH), and led by a living founder (Vitalik Buterin) who determines the road map for Ethereum and enforces it using his bully pulpit.
Ethereum clearly passes the Howey Test, and will at some point have to register with the SEC, if it wants to keep access to the US's deep capital markets.
When Ethereum files these disclosures, investors will flee the project like rats from a sinking ship.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
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#ethereum #crypto #bitcoin
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