SEC Chairman Confirms Ethereum is Not a Security

In response to the news that the US Securities and Exchange Commission Chairman, Jay Clayton, has confirmed that Ethereum is not a security, some initial reactions from executives in the space were noted. In correspondence analysing a report from the Division of Corporate Finance, William Hinman, Clayton reiterated that “if the network on which the token or coin is to function is sufficiently decentralized” then it is not subject to securities law.   The below crypto industry executives have provided expert commentary on the significance this has on projects in…

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