📰 Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman.
Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency "doesn't see a lot of value in treating ether today as a security," explaining that the fact that there is no central figure or group responsible for ethereum, and therefore "the assets may not represent an investment contract."
Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency "doesn't see a lot of value in treating ether today as a security," explaining that the fact that there is no central figure or group responsible for ethereum, and therefore "the assets may not represent an investment contract."