Ethereum Rebounds Up Nearly 10% as SEC Confirms It’s Not a Security

The U.S. Securities and Exchange Commission (SEC) has declared that Ethereum (ETH) is not a security under U.S. securities law as it is a decentralized structure that is not controlled by any committed third party.
SEC Backs Decentralized Coins
Speaking at the Yahoo All Markets Summit: Crypto conference in San Francisco, the finance head said that the key issue is how the asset is sold and the ‘expectations of purchasers.’ At the time of publishing, Ethereum is trading at $518, accor