Ethereum Under Heavy Scrutiny as Regulators Determine its Fate

[Divinityxd]

SEC & CFTC examining whether Ethereum is a security

After Bitcoin, Ethereum is the most popular and valued cryptocurrency in the world which has come under the scrutiny of US regulators who are working out the decision if this digital currency among others should be regulated as securities under the federal law.

Reportedly, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are investigating into the popular cryptocurrencies to determine if they classify as a security or not.

Continue reading: https://coingape.com/ethereum-under-heavy-scrutiny-of-regulators/

[1714822260]

1714822260

[Xynerise]

Ethereum can't be considered a security in any way because it never had an ICO!
Ethereum Classic is the original blockchain that had the ICO, not Ethereum. Ethereum is a fork of Ethereum classic and forks can't be considered securities, so Ethereum is in the clear.