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The US will compete with another cryptocurrency

US financial regulators began to closely study Ethereum, the second by market capitalization after bitcoin cryptocurrency. The Securities Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will discuss on May 7 whether Ethereum should be considered as a security. Regulators are interested in the sale of Eth tokens in 2014, which can be classified as a sale of securities due to the fact that investors probably bought tokens in the hope of their further rise in price.

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Dado Ruvic / Reuters

If the cryptocurrency is recognized as a security, the Ethereum Foundation will appeal to the court, the proceedings will take several years. According to lawyer Dean Steinbeck, the SEC will not take final decisions on Ethereum in the near future, and the CFTC will soon recognize the currency as a commodity, as it was with bitcoin in 2015. Source: lenta.ru

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