SEC Legal Adviser: "BTC and ETH can still be classified as securities" – Bits Media

The US stock market regulator has not yet announced an official position on BTC and ETH status. SEN SEC SEC did not exclude, that ether can still be classified as a security.

During the recent conference
With peace (Sarah Netburn), Senior legal adviser to the US Securities and Exchange Commission (SEC) Dougan Bliss (Dugan Bliss) noted, that the regulator has not yet made official statements regarding the status of the largest cryptocurrencies.

“I want to clarify, that this is my understanding of the current situation. I don't want to be too picky, but the securities and exchanges commission itself, In my understanding, did not take an official position. No action was taken, to declare, that bitcoin and ether do not represent securities ", – Said Bliss.

Former SEC chairman Jay Clayton has repeatedly stated, that bitcoin is not a security. However, in a letter in a letter to Cipher Technologies Bitcoin Fund in October 2019 year SEC rejected an application for registration of an investment company on that basis (Among other things), that bitcoin is a security.

Broadcast was less often mentioned by representatives of the regulator in this vein. However, c 2019 Jay Clayton said year, that the broadcast and similar cryptocurrencies could over time lose the status of securities. In June 2018 years head of the SEC corporate finance unit William Hinman (William Hinman) Also declared, that the decentralized structure of the Ethereum network does not allow to apply the laws on securities properly to cryptocurrency.

At the same time, Bliss claims, that the opinion of Hinman does not necessarily reflect the views of the regulator on ETH status:

“A high -ranking official SEC made a speech, in which he expressed his opinion. However, there were no official letters, not any action, which would allow you to say with confidence, What position SEC takes on this issue ".

Recently commissar SEC Esther Pierce (Hester Peirce) warned, that irreplaceable tokens (NFT) In some cases, they can be considered as securities.