Now the SEC has decided that ETH is not a security.
However, ETH is part of altcoin, so I am optimistic about whether altcoin is a security.
i dont think eth is securitiy i believe last week we got a news that they deny crypto are security and it can be regulated as security. Meanwhile in korea they consider bitcoin as an asset. Maybe we need more time to determine what crypto is
its true the line between "security" and "collectible" can be pretty thin in these cases. but actually regulations can be a good thing. less scam icos, more dd for teams, less dumb money funding projects that have no clear revenue strategy