Former CEO of MicroStrategy, Michael Saylor, believes that the SEC will classify Ethereum as a security this summer and reject the corresponding applications for spot ETFs. In his opinion, only BTC has full institutional recognition, calling it the “only universal” institutional-level crypto asset

He believes that other cryptocurrencies will also receive unregistered status, including BNB, Solana, XRP, and Cardano.

“None of them will be wrapped by a spot ETF, none of them will ever be accepted by Wall Street…” he says.

Saylor’s remarks came as many experts expressed concerns about whether the SEC will approve the listing and trading of spot Ether ETFs on U.S. exchanges. The first significant deadlines for ETF applications from VanEck and ARK Invest will be May 23 and May 24, respectively.

https://preview.redd.it/sugzxoam4y0d1.png?width=400&format=png&auto=webp&s=5671341f1b8c54caf48a2c1ba1c8508284a37bcc

source: https://36crypto.com/coinbase-ceos-optimism-how-layer-2-scaling-solutions-are-shaping-cryptos-future/

42 thoughts on “Former CEO of MicroStrategy, Michael Saylor, believes that the SEC will classify Ethereum as a security this summer and reject the corresponding applications for spot ETFs. In his opinion, only BTC has full institutional recognition, calling it the “only universal” institutional-level crypto asset”

  1. Michael Saylor needs to chill out, he has a very big and heavy bag of BTC so of course is in the best of his interests to put BTC as the only legit one among all. But from there to throwing ETH under the bus is too much, I believe ETH is solid and has a huge potential.

  2. Biggest BTC holder says that only BTC is relevant and you should only buy BTC to pump his bags. More news at 11.

    Also XRP was already ruled on not to be a security.

  3. “He believes”

    No, he just wants everyone else to buy into what he’s saying because it’s good for his bottom line.

  4. His opinion it is interesting.

    I find BlackRocks opinion more interesting.

    The CEO of BlackRock is talking about the whole financial world being tokenized. Everything will be tokenized on a crypto Network so what network will that be? Well? It definitely won’t be Bitcoin.

    So his opinion is wrong of institutional recognition because institutions are going to tokenize all their assets. So whatever network does that gets recognition.

  5. It almost feels like he has a garage full of Supplement he bought from his friend and now he has to shill it to his other friends.

    Ofc.. his supplements are the only ones that work.

  6. Jamie Dimon has a hard on for Ethereum.
    This guy is a flies ass on Dimon’s windshield.

  7. Doesn’t make sense… everything is being tokenized on ETH. if eth is classified as a security what would that mean for everything built on top of eth…my two cents is that he wants to protect his BTC investment at all cost

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