Hot news   - SEC Chairman Clayton just confirmed Commission staff analysis that found Ethereum (and cryptos like it) are not securities.


SEC Chairman Jay Clayton

https://coincenter.org/link/sec-chairman-clayton-just-confirmed-commission-staff-analysis-that-ethereum-and-cryptos-like-it-are-not-securities

However, until now it was never fully clear whether Hinman was communicating official SEC policy or his own personal views. Previously, Clayton had said that he did not consider Bitcoin a security, but he had declined to address other assets, including Ethereum.
The distinction is crucial. A securities classification would have likely seen Ethereum booted from US cryptocurrency exchanges, and the SEC previously warned that exchanges that list illegal securities could themselves faces repercussions.
This increased regulatory clarity could further help spur institutional adoption, as questions surrounding cryptocurrencies’ legal status has been identified as one of several roadblocks to convincing more institutions to become active in the crypto space.