Ethereum spikes after the SEC declares it's not a securityGet the Full StoryMI
Ethereum was trading up over 7 after an official for the US Securities and Exchange Commission said the agency does not view the crypto as a security.
Such a designation would put the token under the agency's authority.
Watch Ethereum trade in real time here.
Ethereum spiked Thursday after an official from the US Securities and Exchange Commission said the agency does not view the crypto as a security.
Speaking at Yahoo Finance’s All Market Summit, William Hinman, the SEC's director of corporate finance, said the agency does not view bitcoin and ethereum as securities. Such a designation would require certain exchanges facilitating trading of the cryptos to register with the agency. Thursday's announcement was the first time the agency provided regulator clarity on specific coins. See the rest of the story at Business InsiderNOW WATCH: Trump pitched peace to Kim Jong Un with this Hollywood-style video starring Kim as the leading manSee Also:Share your opinion Become a BI Insider todayThe Fed just raised interest rates here's how it happens and why it mattersSobering photos show a Texas detention center for immigrant children where a mural of Trump is painted on a wall