SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities - Bitcoin News

A recent letter explains that Clayton and the SEC’s analysis confirms that Ethereum and other cryptocurrencies like it are not subject to securities laws.

"If, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework."

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