In this video, I discuss the recent SEC lawsuit against Richard Heart, the founder of HEX and PulseChain, as well as a possible incoming lawsuit against Vitalik Buterin, Joe Lubin, and the Ethereum project.
The latter appears to be even more likely, now that we've learned that the SEC considers all crypto except for Bitcoin to be a security-- per Coinbase CEO Brian Armstrong's discussions with the SEC before they were sued.
HEX, ETH, and other cryptocurrencies clearly pass the Howey Test, and I expect this to eventually be the overwhelming consensus that emerges from the US courts. Holders of ETH will almost certainly end up as financially rekt as holders of HEX have been.
As a unique digital commodity, Bitcoin stands and will continue to stand in a class of its own.
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. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#hex #sec #ethereum
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