Dugan Bliss, senior trial counsel at the SEC, said that the agency had not taken an official position on Ether.
The attorney disregarded previous claims made by Bill Hinman, former director of the SEC’s Division of Corporation Finance, who suggested that offers and sales of ETH are not securities transactions.
“Now, there was a speech by a high-ranking person who said that to him that’s what it looked like, but there has been no action letter, no enforcement action, none of the official ways in which the SEC takes a position on that matter that has occurred,” said Bliss.
Bliss’ remarks fall in line with what Gensler told the New York Times in 2018. “There is a strong case for both [Ethereum and Ripple] that they are non-compliant securities” because these cryptocurrencies were sold by their creators and purchased primarily as investments for speculative reasons.
‘Enforcement 40’ for 2020
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