Ether is not considered a security
It is the decision reached by the United States Securities and Exchange Commission
The Securities and Exchange Commission (SEC) of the United States announced that the agency will not consider the Ether as a financial value. This was stated by William Hinman, head of the SEC’s Corporate Finance Division, during the recent Yahoo All Market Summit in San Francisco.
The decision does not include some Bitcoin public offers, so they can be done and regulated. The exception applies to the fact that it is marketed as a value similar to gold. Hinman indicated that the problem to determine if the cryptocurrency are securities was based on the existence of a third party waiting to get a profit.
The statements by the SEC representative have come to calm down the nervousness of Ethereum’s investors before the obligation to comply with the corresponding regulations when considering the Ether a financial value.
The degree of decentralization of the Ether has been key in the decision announced by the SEC. This applies to Bitcoin too, although Hinman maintains that they must fight for a regulatory framework that avoids fraud and crimes with cryptoactives.
Jay Clyton, president of the SEC and who also participated in the event in San Francisco, focused on the cryptocurrencies market as securities, blockchain technology and its impact on the economy.
M.Pino
Source: Infobae
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