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Controversy arises as Jack Dorsey asserts that ETH is a security.

Controversy arises as Jack Dorsey asserts that ETH is a security.

Summary:

Jack Dorsey, a long-time Bitcoin advocate, has been involved in a Twitter war with crypto industry pundits after he responded “yes” to a question asking if Ether (ETH) was a security. The online scuffle comes in light of the SEC filing lawsuits against cryptocurrency exchanges Binance and Coinbase for allegedly offering tokens considered to be unregistered securities. Dorsey has been promoting a focus on Bitcoin development and retweeted a video of Jack Mallers, CEO of Bitcoin Lightning application Strike, calling out Coinbase CEO Brian Armstrong for prioritizing altcoins over building on Bitcoin and the Lightning Network.

Key Points:

– Jack Dorsey responded “yes” to a question asking if Ether (ETH) was a security, prompting a Twitter war with crypto industry pundits.

– The SEC filed lawsuits against cryptocurrency exchanges Binance and Coinbase for allegedly offering tokens considered to be unregistered securities.

– Dorsey has been promoting a focus on Bitcoin development and retweeted a video of Jack Mallers, CEO of Bitcoin Lightning application Strike, calling out Coinbase CEO Brian Armstrong for prioritizing altcoins over building on Bitcoin and the Lightning Network.

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