Thread by @CryptoKingKeyur

🚨 BREAKING: Explosive SEC-Ripple Case Documents Unleashed 😱

🇺🇸 The SEC's release of the Hinman papers in the #Ripple case has sparked a major boost for #Ethereum 🔥

A thread 🧵

1️⃣ The Hinman documents reveal a game-changing insight into the SEC's stance on #Ethereum.

👉 It turns out that senior SEC officials did not classify Ether as a security back in 2018, opening the door for an exciting regulatory gap.

2️⃣ According to JPMorgan, these explosive revelations could explain why the SEC hasn't taken action against Ether while targeting other #crypto this year.

3️⃣ JPMorgan's analysts argue that the Hinman papers will not only influence the direction of U.S. congressional regulations but also inspire a race among major #crypto to become more decentralized and emulate Ether's success.

4️⃣ Congress may soon be faced with a monumental decision: to categorize Ether alongside #Bitcoin as a commodity, overseen by the CFTC.

https://twitter.com/s_alderoty/status/1668601226672623616

5️⃣ JPMorgan suggests that a brand-new "other category" could be introduced specifically for decentralized #crypto like Ether, allowing them to avoid being labeled as securities.

6️⃣ In a world where decentralization is king, the higher a #crypto's level of decentralisation, the greater its chances of evading the security designation.

7️⃣ The release of the Hinman papers has sent shockwaves through the #crypto industry, leaving everyone wondering: will other major cryptocurrencies follow in Ether's footsteps?

8️⃣ It's clear that the Hinman documents have ignited a fire within the #crypto community.

👉 The race for decentralization and the battle against the security designation are heating up like never before!

👉 Which coins will rise, and which will fall?

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https://twitter.com/CryptoKingKeyur/status/1671042061880168450