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I think couple of things need to be repeated from earlier threads. This discussion happened during a Yahoo conference. So, its more like a person's opinion. Unl

I think couple of things need to be repeated from earlier threads. This discussion happened during a Yahoo conference. So, its more like a person's opinion. Unless we get a press release from SEC it is a difficult statement to make whether SEC is all good with ICOs. Secondly, the question of Ethereum being a security is a tricky one. It is a security by definition given in the same speech. So, it started out as a security but then it is not a security any more? That is confusing. A good read on this: https://prestonbyrne.com/2018/06/14/ether-is-not-a-security/ https://prestonbyrne.com/2018/06/14/ether-is-not-a-security/

davidwparker 8y ago
Here's the official statement from the SEC. "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." https://www.sec.gov/news/speech/speech-hinman-061418 https://www.sec.gov/news/speech/speech-hinman-061418
- thisisit 8y ago
  Please read in full before quoting an article. The very first footnote is: > The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This speech expresses the author’s views and does not necessarily reflect those of the Commission, the Commissioners or other members of the staff.
  - charlesdm 8y ago
    But isn't this person the person in charge within the SEC for setting the policy? It seems unlikely his opinion will be different from the official stance.
    - nerdponx 8y ago
      Even if one person is in charge, policy is not set in isolation. Their opinion will weigh on the decision but it will not be the decision.
- arthurcolle 8y ago
  its like a meta-security - they dont have a name yet for this class of product that certainly has broader asset-like features, while at the same time having at least 1 layer of indirection with the `gas` shenanigans
fanzhang 8y ago
Is it still a greyzone? Yes. Has the grey gotten lighter with a personal opinion on the SEC site? Also yes.

davidwparker 8y ago

Here's the official statement from the SEC. "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." https://www.sec.gov/news/speech/speech-hinman-061418 https://www.sec.gov/news/speech/speech-hinman-061418

thisisit 8y ago
Please read in full before quoting an article. The very first footnote is: > The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This speech expresses the author’s views and does not necessarily reflect those of the Commission, the Commissioners or other members of the staff.
- charlesdm 8y ago
  But isn't this person the person in charge within the SEC for setting the policy? It seems unlikely his opinion will be different from the official stance.
  - nerdponx 8y ago
    Even if one person is in charge, policy is not set in isolation. Their opinion will weigh on the decision but it will not be the decision.
arthurcolle 8y ago
its like a meta-security - they dont have a name yet for this class of product that certainly has broader asset-like features, while at the same time having at least 1 layer of indirection with the `gas` shenanigans

fanzhang 8y ago

Is it still a greyzone? Yes. Has the grey gotten lighter with a personal opinion on the SEC site? Also yes.