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Clayton said the same about Ethereum. https://www.coindesk.com/markets/2019/03/12/sec-chair-clayton-affirms-agencys-stance-ether-is-no-longer-a-security/ https

Clayton said the same about Ethereum. https://www.coindesk.com/markets/2019/03/12/sec-chair-clayton-affirms-agencys-stance-ether-is-no-longer-a-security/ https://www.coindesk.com/markets/2019/03/12/sec-chair-clayto...

robocat 4y ago
That was when Etherium was proof-of-work. I imagine it gets complicated now that you can earn staking rewards on your ETH, even though by default you earn 0% because by default you are not staking. So one major feature of “banking” your ETH at an exchange would be so the exchange provides a way to earn the “interest” on your deposit. This creates a regulatory risk, and is one reason for owning BTC instead of ETH. Note I own a few ETH and 0 BTC, and ETH has dropped 10% compared against BTC recently (normally they seem to be highly correlated (even long-term) which implies to me that the market is somewhat driven by generic crypto sector investing). Edit: Coinbase’s argument that their staking service is not a security: https://www.coinbase.com/blog/coinbases-staking-services-are-not-securities-and-heres-why https://www.coinbase.com/blog/coinbases-staking-services-are...