//SEC Crypto Lead Clarifies that Ether is NOT a security.

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.No clarification was given for XRP, which is the subject of multiple lawsuits alleging that it is 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.

No clarification was given for XRP, which is the subject of multiple lawsuits alleging that it is a security.