According to Twitter user @NeilJacobs, when asked whether Ethereum is a security, SEC Chairman Gary Gensler declined to answer the question.

“When asked to comment on whether Ethereum qualifies as a securities, SEC Chairman Gary Gensler declined to answer.”

Questions about ethereum's status have also come to the fore since U.S. securities regulators filed legal action against Ripple for selling unregistered securities.

In 2018, former Securities and Exchange Commission Director William Hinman pointed out that neither Bitcoin nor Ethereum are securities.As far as securities compliance is concerned, this essentially gives both companies an unimpeded license to operate。

But in the ongoing SEC v. Ripple case, the SEC's arguments are being unraveled, and Hinman's previous "characterization" of Ethereum is one of them.

Gensler declined to answer questions raised about whether that represented a red flag.

In the case of SEC v. Ripple, the defense team pointed out that Ripple believes that XRP, Bitcoin and Ethereum are not securities. And the SEC failed to provide fair arguments to support this view.

This debate stems from Hinman's earlier point,Bitcoin and Ethereum Are “Green” Currencies, Ripple Decides XRP Is Not a Security。

As the case progressed, Ripple’s legal team provided SEC documents as requested in an attempt to establish an equal relationship with Crypto, but so far have been unable to reach a conclusion.

But in a further twist, Judge Netburn last month allowed Hinman's testimony. Meaning he has to testify about it in court.

In response, Hinman filed an affidavit stating that his 2018 remarks were not the SEC's position but rather an expression of his personal views. In fact,This means that Ethereum and Bitcoin are not necessarily securities eligible。

Ripple CEO Brad Garlinghouse commented on the funny event of the U.S. Securities and Exchange Commission (SEC) transformation, saying that the SEC's evasion will only confuse regulatory transparency.

“Bill Hinman said in 2018 that Ethereum was not a security, and Jay Clayton agreed, but just a few weeks ago, Hinman filed a sworn affidavit in court saying that the SEC still hadn’t taken action on Ethereum’s status… Any position or expression of opinion, so how should the market maintain clarity?"

This week Gensler spoke at the Aspen Securities Forum in Colorado. During this period,Gensler calls for more power to protect investors from Crypto's 'lawlessness'。

Such assets are rife with "spoofing, fraud and abuse in certain applications," Gensler said. He added that the industry only became popular to circumvent the law.

“There’s a lot of hype and agitation about how crypto assets work,” Gensler said. “In many cases, investors don’t have access to rigorous, reciprocal, and complete information… I worry a lot if we don’t address these issues People get hurt. "

The original text comes from bitcoinist, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.

The original text comes from bitcoinist, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.