SEC Crypto Lead Clarifies that Ether is NOT a security

The quote is captured by CNBC here. One of the key points he makes is "If there is a centralized third party, along with purchasers with an expectation of a return, than [sic] it is likely a security, Hinman said." The key here of course being that Ether is decentralized.

It is high time that the SEC clarified their stance publicly. Dancing around the issue was just frustrating everyone.

Submitted June 14, 2018 at 09:43AM }
via reddit