In this big cryptocurrency news update from late last night, the Securities and Exchange Commission (SEC) has finally made it clear that Ethereum will not be classified as a security under US laws. There was a lot of debate going on in the US on whether SEC would classify Ether as security but SEC official William Hinman’s clarification would come as a relief to investors. This means that the two biggest cryptocurrencies – Bitcoin and Ethereum – are not securities. However, keep in mind that this does not apply to ICOs built on Ethereum. The SEC position on ICOs is still unclear.
Cryptocurrency ether soars 9% after SEC official says it’s not a security: https://www.cnbc.com/2018/06/14/cryptocurrency-ether-soars-9-percent-after-sec-official-says-its-not-a-security.html
Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security: https://cointelegraph.com/news/crypto-markets-rebound-after-news-the-u-s-sec-will-not-consider-ethereum-a-security
Follow Crypto Dost on Twitter: https://twitter.com/TheCryptoDost
For enquiries, write to email@example.com
Disclaimer: Please keep in mind that I have made this channel to share my experiences in the cryptocurrency market. I am not a professional financial advisor and the information provided is solely for educational purposes. Consult your own financial advisors and do your own research before investing in cryptocurrencies. Investing in cryptocurrencies is inherently risky and you can also lose all the amount you invested. Only invest the amount you can afford to lose. The channel shall not be liable to the viewer for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the viewer from or in connection with the information obtained on this channel.