2018-6-23 22:16 |
Congressman Tom Emmer has praised the U.S. Securities and Exchange Commission (SEC) for clarifying that ethereum’s native cryptocurrency, ether, is not a security.
As previously reported, the SEC’s director of Corporation Finance, William Hinman, told the audience at the Yahoo!
All Markets Summit: Crypto conference last week that “current offers and sales of ether are not securities transactions.”
“Like many of the innovations generated from these new technologies, ether does not fit neatly into the regulatory boxes Washington has created,” Emmer told CoinDesk in a statement.
Emmer concluded on a similar note, indicating he was hopeful that regulators will “take further steps to assure limited regulation and encourage investment here in the United States.”