"This Will Not Stand!" McAfee Rails Against SEC Over Cryptocurrency
- Another outburst from the crypto enthusiast came after the SEC chairman said that cryptocurrencies are securities
Former anti-virus magnate John McAfee is attacking the US Securities and Exchange Commission (SEC) again. McAfee let loose on Twitter this Thursday after Jay Clayton, the chairman of the SEC, stated that the SEC views cryptocurrencies as securities.
McAfee, who was once famous for his eponymous anti-virus software, has become a major proponent of cryptocurrency in the past few years. Driven by a libertarian politics that very much fits with the spirit of Bitcoin’s anonymous founder, Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, McAfee seems particularly drawn to the fact that cryptocurrency operates outside of governmental grasp.
With an affliction for cryptocurrency and disdain for government, McAfee now appears to spend a significant proportion of his time posting cryptocurrency memes and anti-government vitriol on twitter.
His ire towards the SEC was on display last week for almost exactly the same reason as it was yesterday. During an interview with broadcaster CNBC, Clayton stated that Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, with the exception of Bitcoin, are securities.
McAfee, who was in the midst of a ‘meme war’ on Twitter at the time, was enraged by this. He said that Clayton and the SEC should debate him and that, if they refused to do so, they should “back the f*** off.”
Deja Vu
The same scenario played itself out yesterday. Clayton gave a speech at an SEC public forum in which he said: “much of what I have seen in the ICO or token or ICO space, is a security offering… I don’t know how much more clear I can be about it.”
Meme posted by McAfee on his twitter account. Original picture by twitter account @tommyp408
McAfee, who had just finished posting the adjacent meme, was infuriated once again. “I will fight,” said McAfee, “with every last breath to ensure that this absurd overreach by the SEC will not stand!!”
Despite his Braveheart-esque response, it does appear that McAfee won’t be burning down the SEC’s Washington headquarters any time soon. He said that, at least for the moment, he will be “submitting...to this law.”
As wonderful as the ongoing tussle between the SEC and McAfee is to watch, there is more exciting news. McAfee is going to be announcing the winner of his meme competition in the next few days. This author is waiting with bated breath.
Former anti-virus magnate John McAfee is attacking the US Securities and Exchange Commission (SEC) again. McAfee let loose on Twitter this Thursday after Jay Clayton, the chairman of the SEC, stated that the SEC views cryptocurrencies as securities.
McAfee, who was once famous for his eponymous anti-virus software, has become a major proponent of cryptocurrency in the past few years. Driven by a libertarian politics that very much fits with the spirit of Bitcoin’s anonymous founder, Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, McAfee seems particularly drawn to the fact that cryptocurrency operates outside of governmental grasp.
With an affliction for cryptocurrency and disdain for government, McAfee now appears to spend a significant proportion of his time posting cryptocurrency memes and anti-government vitriol on twitter.
His ire towards the SEC was on display last week for almost exactly the same reason as it was yesterday. During an interview with broadcaster CNBC, Clayton stated that Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, with the exception of Bitcoin, are securities.
McAfee, who was in the midst of a ‘meme war’ on Twitter at the time, was enraged by this. He said that Clayton and the SEC should debate him and that, if they refused to do so, they should “back the f*** off.”
Deja Vu
The same scenario played itself out yesterday. Clayton gave a speech at an SEC public forum in which he said: “much of what I have seen in the ICO or token or ICO space, is a security offering… I don’t know how much more clear I can be about it.”
Meme posted by McAfee on his twitter account. Original picture by twitter account @tommyp408
McAfee, who had just finished posting the adjacent meme, was infuriated once again. “I will fight,” said McAfee, “with every last breath to ensure that this absurd overreach by the SEC will not stand!!”
Despite his Braveheart-esque response, it does appear that McAfee won’t be burning down the SEC’s Washington headquarters any time soon. He said that, at least for the moment, he will be “submitting...to this law.”
As wonderful as the ongoing tussle between the SEC and McAfee is to watch, there is more exciting news. McAfee is going to be announcing the winner of his meme competition in the next few days. This author is waiting with bated breath.