3 Bitcoin bulls that come from traditional finance
The cryptocurrency industry has critics and champions. In this, we look at three advocates of Bitcoin that are experts in traditional...
John McAfee has made cryptocurrency news yet again in his challenge to the US Securities and Exchange Commission (SEC). The challenge is to go head-to-head with SEC chairman Jay Clayton in a live debate on national television.
The somewhat eccentric McAfee, of McAfee anti-virus security, has been making headlines, bold claims and predictions lately and isn’t looking to stop. He recently announced the release of his own coin which will attempt to reverse what banks do, has said that he will put himself in the running for 2020’s US president and has now called SEC’s Clayton some swears words and challenged him on Twitter’s very social, very watched platform.
Swear words and name-calling aside, McAfee seems serious about his attack on the SEC and is not backing away from fighting against Clayton’s recent announcement which states that all initial coin offerings should be classified as securities.
The head of the SEC declared today that all ICOs are securities. While I STRONGLY disagree, and believe that the majority of ICOs do not meet the Suprene Court Howey Test for securities, I will submit, for now, to their rules and will not work with future ICOs.. But, I’ll be back
— John McAfee (@officialmcafee) June 7, 2018
Using his former fight on live television against the FBI, McAfee is ready for action and is shredding the SEC in the challenge.
I challenge the SEC to debate me on CNN. I debated the FBI two years ago when they they overstepped their bounds. You, the SEC, have overstepped your bounds. I ripped the FBI a new asshole on CNN. I welcome the opportunity to RIP the SEC a new asshole.https://t.co/PTxKEYsw1v
— John McAfee (@officialmcafee) June 7, 2018
RIP? Only time will tell whether McAfee’s reputation or the SEC’s chairman will be resting. And the peace part? I’m not so convinced about that.