SEC Suggests Ethereum is Usable Currency Removing Securities Speculation

Ever since the SEC made its call on Bitcoin, deeming it not to be a security, there has been questions raised about other prominent cryptocurrencies. However, answers have not been forthcoming form the major American regulator.

Through a precedent setting case before the SEC at the moment, that of KIK, it can be deduced that the SEC considers ether to be a transactional currency, and certainly not a security. The leaning on Ethereum has always been towards not Labelling it as a security, but this lawsuit help to confirm that assertion.

Original source

Add comment

Please Sign in to be able to leave comments.