SEC Chairman Clayton just confirmed Commission staff analysis that Ethereum (and cryptos like it) are not securities.
Thanks to for his leadership getting regulatory clarity for cryptocurrencies. Here is Chairman Clayton’s response to recent letter from Budd and colleagues.
SEC Chairman Clayton just confirmed Commission staff analysis that found Ethereum (and cryptos like it) are not securities.
UPDATED POST: SEC Chairman Clayton just confirmed Commission staff analysis that found Ethereum (and cryptos like it) are not securities.
. Chairman Clayton recently confirmed/agreed with Hinman's explanation that digital assets like #Ether, whose purchasers don't reasonably expect a group to carry out the essential entrepreneurial efforts, are not investment contracts. ✍🏾📨
While this is great to hear ⁦,⁩ why so hard to get clarity fm them on whether Ethereum’s ICO was in violation of securities laws. Can 1 violate the law w/no consequences by invoking future state of the token? Would be big win for crypto.
SEC Chairman Clayton just confirmed Commission staff analysis that Ethereum (and cryptos like it) are not securities.
We have updated this post
Speaking of... #ethereum
we updated the post. We thought this would be clearer than it ended up being
Here read it your own self