SEC Official Says Bitcoin & Ethereum Are Not Securities... But Some Initial Coin Offerings May B

According to the SEC's point man on cryptocurrencies, William Hinman, the head of the Division of Corporation Finance, bitcoin and ether are not securities, but that many, though not all, ICOs are securities and he said they will come under the regulatory control of the SEC and relevant securities laws. "Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,"

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