While Armstrong’s suspicions may come as a surprise to many in the industry, SEC Chairman Gary Gensler has previously stated that cryptocurrencies that allow staking could be classified as securities under the Howey test – even though ether has been designated as a commodity by the SEC’s sister regulator, the Commodity Futures Trading Commission (CFTC).
Trending
Why the Next US President Needs to Pardon Bitcoin Pioneer Ross...
The story of Ross Ulbricht is one that has captivated the Bitcoin community for years – a brilliant young mind, an entrepreneur with a...