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So basically Ethereum is not security but any crypto tokens created on top of Ethereum to make public offering are still securities.
by lossolo 8y ago
So basically Ethereum is not security but any crypto tokens created on top of Ethereum to make public offering are still securities.
- deltateam 8y agoYou have to read between the lines. The SEC will hardly ever clarify a grey area. They will say "token offerings need to follow federal securities laws" which also means "this particular token, unlike other tokens, follows federal securities laws because it is not a security" Its kind of like asking a barber if you need a haircut.
- sonnyblarney 8y agoA ledger is not a security but a ledger can be used to manage securities.
- decentralised 8y agoNot _any_. The SEC has previously acknowledged the different types of tokens (utility, security, commodity, collectible, etc).