Bitcoin and Ethereum are not Security Tokens

[xtinepink]

Remember the time when US said that bitcoin is not a security token?

Well now another news come out from US SEC said that Ethereum is also not a security tokens. 

 

Ethereum is the second largest crypto based on market capitalization while so many people where confused and a talk about issue since few months whether or not it's a security token.

Pretty much some people was relieved about this issue when Sec finally made an official statement about this matter. 

 “Based on my understanding of the present state of ether, the Ethereum network, and its decentralized structure, current offers and sales of ether are not securities transactions,” Hinman said at Yahoo's All Market Summit:

 

Check out the video below:

https://www.cnbc.com/video/2018/06/14/bitcoin-and-ether-cryptocurrency-surge-on-new-sec-ruling-securities.html

 

 

Well they still do believe that other cryptocoins are securities, let's probably wait which among those will be on the first list to be security then .

What are your thoughts?

 

Source:

https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html

[Helluva]

I don't understand the confusion with the ontology of cryptos, you could make a pea shooter with paper money if you wanted, too. At worst it should be treated the way PayPal is treated.