Breaking news: SEC director says Ether is not safe

A senior official with the US Securities and Exchange Commission said that ether, the native currency of the Ethereum network, is not a guarantee in accordance with federal guidelines.

Speaking on Thursday at Yahoo Finance All Markets Summit: Crypto, William Hinman, director of the corporate finance division of the SEC, said that, at least “as it is currently structured,” the ether will not be regulated as a security by the SEC.

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