A Director for the SEC Claims Ether is Not a Security

A top executive for the US Securities and Exchange Commission has said that the digital currency of the Ethereum network, Ether, is not considered a security under federal regulations. William Hinnan, who is a director for the SEC’s corporate finance division, said that ether will not be a regulated security by the SEC. He also shared that even though ether was originally issued to create an ICO-style crowdsale, the network eventually became decentralized and that it did not have a controlling power. The assets that were initially sold as securities had the probability to lose that designation, down the line.

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