SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’


The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $350 immediately after the news went public.

The SEC executive who is in charge of overseeing the cryptocurrency and initial coin offering (ICO) landscape, William Hinman, stated today that cryptocurrencies like bitcoin core (BTC) and ethereum (ETH) are not considered securities. Hinman stated that some ICOs may be considered securities but the decision is based off a factor of decentralization.

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