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eToro Announces Cardano (ADA) And Tron (TRX) Delisting, Points To Regulatory Concerns


RikkiTikki_is_Back
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Is it just me or does it seem like all coins that offer great potential with smart contracts and are not built on the etherum platform are under attack??  It's Ironic that Cardano goes live on Bitstamp tomorrow for trading but Etoro delist at the same time.  Something very rotten and foul is afoot here!! This is why the entire crypto community needs to stand united against this governmental racketeering!!.. Somebody got in these guys ear!!

 

eToro Announces Cardano (ADA) And Tron (TRX) Delisting, Points To Regulatory Concerns

 

 

Edited by RikkiTikki_is_Back
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3 hours ago, RikkiTikki_is_Back said:

Is it just me or does it seem like all coins that offer great potential with smart contracts and are not built on the etherum platform are under attack??  It's Ironic that Cardano goes live on Bitstamp tomorrow for trading but Etoro delist at the same time.  Something very rotten and foul is afoot here!! This is why the entire crypto community needs to stand united against this governmental racketeering!!.. Somebody got in these guys ear!!

 

eToro Announces Cardano (ADA) And Tron (TRX) Delisting, Points To Regulatory Concerns

 

 

Nothing to do with smart contracts. It's about how they distributed their tokens. Anyone who raised money through distribution will be considered as violating securities laws. Did you see Sen. Chuck Grassley's response to an XRP holder regarding Ethereum ? See attached below, where they differentiate between Bitcoin and Ethereum.

With Terra, the SEC did something that they haven't done before. They said it didn't matter if you did the original offering outside the U.S. If you then take those assets and distribute them within the U.S., you are selling securities. See my previous point around Cardano below.

Frankly, the SEC has the weakest case it can build against Ripple. If they get the court to agree that all XRP are also securities, the rest of crypto is chump change for them. None of them has any standing to win against the SEC. 

If Ripple does prevail and the court agrees that secondary market sales of XRP are not securities, then all these other tokens are still at risk. Because they all raised funds - even if outside the U.S. 

 

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