SEC: Ethereum NOT a Security!
Breaking: SEC announces that Ethereum is NOT a security. Some of the ICO launched on it could be, depending on central authority and control.
Decentralization, where no single party has the ability to manipulate or cause fraud, gives authorities no good reason to intervene. ICOs that take in capital centrally, and manage it, will be required to follow SEC regulations for securities.
This headline could change the entire sentiment and landscape of the crypto market, is it rally time again?
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The news is welcome relief for digital currency owners who would have been subject to much stricter scrutiny should bitcoin BTCUSD+6.51% and Ether ETHUSD+9.81% be labeled securities.
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Digital Assets > Securities
Let the bull run begin. 🐃🏃🏽♀️
Ethereum is breaking news
@investing This is HUGE news folks!!! There was a lot of speculation that the SEC would come down this way because of the difficulties in regulation ETH as a security. Let’s move forward now. thanks for share
The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws
Regulation = corruption. Why does the SEC even have the right to name what Eth is either way? Because we the people let them have it! We simply bow to whatever they say and let them drive us as if we love to be driven.
great news but we really need cryptos to fall some more before a healthy rebound can happen. Thanks for sharing this so quickly.
Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman.
Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency "doesn't see a lot of value in treating ether today as a security," explaining that the fact that there is no central figure or group responsible for ethereum, and therefore "the assets may not represent an investment contract."
The statements are the latest in a long line of remarks that have found various regulatory officials opining on whether the nature of the sale in which ether was issued made it subject to U.S. securities laws. Such a view has been advanced largely by former regulators, while the SEC has largely spoken generally (and derogatorily) about its treatment of ICOs and token sales.
This might effect badly for Ethereum let alone for the crypto space.
While SEC have their reasons as it seems. Well some rules are indeed necessary .while hope it gets a positive feedback to us all.Rather hope if the statement does not just fires up the market in down trend again.
Thanks for the heads up buddy !
Thanks for the share. It's much appreciated. I actually am happy the SEC ruled ETH not a security but disagree and think ETH was grandfathered in. ETH fails the Howey test by definition a security