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Key points regarding Ether: >And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether,
by phnofive 8y ago
Key points regarding Ether:
>And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.
>I would like to emphasize that the analysis of whether something is a security is not static and does not strictly inhere to the instrument.[10] Even digital assets with utility that function solely as a means of exchange in a decentralized network could be packaged and sold as an investment strategy that can be a security. If a promoter were to place Bitcoin [or Ether] in a fund or trust and sell interests, it would create a new security.
Recommend changing the title to Bitcoin/Ether, but even that is a serious simplification; more like: "Sales of Ether/Bitcoin are not inherently securities transactions"
- 21 8y ago> Recommend changing the title to Bitcoin/Ether The SEC commented before that Bitcoin is not a security, so the Bitcoin related part is not news.