SEC Says Ether Is Not A Security
Perhaps the biggest question in crypto at the moment has been, are Ether and Bitcoin securities? Well, today, Thursday 14th June, that question has finally been officially answered by the SEC. William Hinman, the U.S SEC Director of Corporate Finance announced that the SEC will not classify Bitcoin or Ether as securities. He made the announcement at Yahoo Finance’s All Market Summit.
The policy echoes what SEC Chairman, Jay Clayton most recently stated about Bitcoin – namely that cryptocurrency cannot be classed as securities and that they will not be changing the definition of “security” in order to include Bitcoin.
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