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Author Topic: US SEC Chairman Jay Clayton Confirms ETH Is Not a Security  (Read 9 times)

Offline Yusuf3103

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US SEC Chairman Jay Clayton Confirms ETH Is Not a Security
« on: March 15, 2019, 06:05:53 AM »
United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum (ETH) and cryptocurrencies like it arenít securities under U.S. law, non-profit crypto research organization Coin Center reports on March 12.
Citing a letter written by Clayton, Coin Center reports that the SEC staff has found that ETH is not a security under U.S. law.
In September last year, Coin Center worked with U.S. representative Ted Budd to send a co-signed letter to Clayton asking whether he agreed with the approach to ETH of the SECís director of corporate finance, William Hinman. As Cointelegraph reported in June last year, Hinman had stated in a speech that ETH ďin its present stateĒ ó as opposed to during its distribution via initial coin offering (ICO) ó wonít be regulated as a security.

Source: https://cointelegraph.com/news/us-sec-chairman-jay-clayton-confirms-eth-is-not-a-security
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