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SEC Official Clarifies Bitcoin, Ether Aren’t Securities
A Securities and Exchanges Commission (SEC) official explicitly stated today that he does not consider bitcoin and ether (the native cryptocurrency of the Ethereum network), to be securities. Speaking at the Yahoo Finance All Markets Summit in San Francisco, William Hinman, the Director of the Division of Corporation Finance at the SEC, gave a speech about whether digital assets should be considered as securities. Hinman pointed out that the network upon which bitcoin functions has always been decentralised and therefore there is no central third party “whose efforts are a key determining factor in the enterprise”.

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