2018-6-15 17:30 |
This follows the news from the US SEC which does not consider Ethereum a security.
And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value,” Hinman explained.
Immediately after the speech of Hinman was released, the price of Bitcoin and Ethereum spiked.
Moreover, the statement of the SEC has brought a short-term stability to the market, which could play a key role in the mid-term price movement of both Bitcoin and Ethereum.
Unlike Ethereum, Ripple, and virtually all ICO tokens, the assumption that Bitcoin should be regulated as a security has never gained much traction, given that the cryptocurrency has been mined since its inception.
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