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Correction of highly Upvoted Misleading Post: The SEC had already Decided in 2018 that Ethereum is no Security

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by COINS NEWS 229 Views

A news story on top of the subreddit claims that the SEC is being pushed the evaluate if Ethereum is a security

This was already decided in 2018:

William Hinman, head of the Division of Corporation Finance at the SEC:

  • Ethereum is no security because it is too decentralized to be considered one

  • Bitcoin is no security because it is too decentralized to be considered one

That was the SEC position at that time, there is no indication that this has changed source

submitted by /u/tfproblem
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