Why ’Ethereum not being a #security' is a big news?
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Why #ethereum (ETH) not being a security is a big news?Are #bitcoin and ether securities? Finally, one of the biggest questions and debates in crypto has been answered by the #sec, officially. Here’s a detailed insight on why this announcement is such a big news for traditional and cryptocurrency investors.AnnouncementAs per Yahoo Finance, In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco on Thursday, the U.S. Securities and Exchange Commission Director of Corporate Finance William Hinman said that the commission would not be classifying ether or bitcoin as securities.Photo by Mike Enerio on UnsplashCommentsHinman said that the SEC will not be changing cryptocurrency and digital asset rules, but rather would be applying them. Previously, bitcoin and ether may (...)