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
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