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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, cur
by 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 agoPlease 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 agoBut 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 agoEven 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 agoits 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