There was a report by Bob Pisani on CNBC saying the SEC said that Bitcoin and Ether are ‘not securiites’ because of the decentralization of their markets. He added that anything defined as securities can be regulated. Does that mean bitcoin and ether will not be regulated?
The SEC has declared that Ethereum are not securities today, during the Yahoo Finance summit. The announcement led price of ETH and BTC higher
William Hinman, director of the division of corporation finance at the SEC, explained at the summit: “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.” Hinman also commented other cryptocurrencies, that they might one day no longer need securities regulation. He says, “Over time, there may be other sufficiently decentralized networks and systems where regulating the tokens or coins that function on them as securities may not be required.”
Forex is also “decentralized” but still is regulated, so we doubt that cryptocurrencies will be derogating from regulations.
