Ether is Not a Security, SEC Director Indicates in Speech
Ether is Not a Security, SEC Director Indicates in Speech: In a speech delivered at the Yahoo Finance All Market Summit: Crypto, William Hinman, Director of Corporate Finance for the SEC, clarified the agency’s stance on Ether this Thursday. “[Based] on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions. And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value,” he said in his speech.
This SEC decision poses some difficult questions for industry players. Much more to unpack, perhaps in long-form, including the conversation following this tweet. https://t.co/IfbTrootcM
— Marco Santori (@msantoriESQ) June 14, 2018