Top crypto tweets of the day – September 8th

The European Central Bank raised interest rates by 75 bps, the largest single rate hike since monetary policy began in 1999. According to CME, the probability of the U.S. Fed raising interest rates by 50 bps by September is 16%, and the probability of 75 bps is 84%.

— Wu Blockchain (@WuBlockchain) September 8, 2022

1) I’M NOT A REGULATOR, THIS IS NOT LEGAL ADVICE

but:

my current best guess is consistent what @GaryGensler says: that the CFTC will regulate spot + futures for non-security tokens, and the SEC will regulate spot + issuance of tokens that are securitieshttps://t.co/c96a8Sm5mm

— SBF (@SBF_FTX) September 8, 2022

3) It seems pretty likely that BTC, ETH, and many forks/variants will not be securities; and that many other tokens will be securities.

(How about other large tokens? Or futures or swaps on security tokens? Or tokenized stocks? And what exactly is a stablecoin? We’ll see!)

— SBF (@SBF_FTX) September 8, 2022

4) And, for what it’s worth:

I think this is all pretty reasonable; and a resolution providing regulatory oversight along these lines would be healthy for consumers, protect against risk, prevent scams, give clarity to the industry, and allow liquidity to come back to the US.

— SBF (@SBF_FTX) September 8, 2022

5) And it’s consistent with what @gillibrandny / @SenLummis drafted–

as well as what @tphillips and others have argued for from the customer protection angle

— SBF (@SBF_FTX) September 8, 2022

$19,500 is now key resistance for #bitcoin. Get a close above that on the daily and we could be in for a short-term rally back up to like 22k. pic.twitter.com/31jhVQ0RXf

— Lark Davis (@LarkDavis) September 7, 2022

I don’t know what’s on Twitter’s todo list, but I’d assume bots should be high priority given the pending case with Elon. But… they are just everywhere. pic.twitter.com/FyI5i1T09S

— CZ 🔶 BNB (@cz_binance) September 8, 2022

$DXY top, look the RSI unfold. pic.twitter.com/92CCsSAxXy

— Wolf 🐺 (@IamCryptoWolf) September 8, 2022

#Bitcoin – Second largest red candle in Binance history. Interesting to watch volume keep picking up more and more. This a key area of demand. pic.twitter.com/7g9GVHb4Wi

— IncomeSharks (@IncomeSharks) September 8, 2022

The Ethereum merge is coming up, and the transition from PoW to PoS has fueled enthusiasm in the market with ETHBTC rallying to a new yearly high. pic.twitter.com/c5sSZIj9AZ

— K33 Research (@K33Research) September 8, 2022