The securities and exchange Commission (SEC) and the Commission on commodity futures trading (CFTC) on may 7 will discuss as to whether Ethereum security. This writes The Wall Street Journal.
Regulators interested in the presale tokens Eth in 2014, which may be classified as securities due to the fact that investors bought tokens in the hope of their further rise in price.
If cryptocurrency recognize a security Ethereum Foundation will go to court, the trial will take several years. According to attorney Dean Steinbeck, the SEC will not accept in the near future, the final decisions related to Ethereum, but rather, the CFTC recognizes the currency of a commodity as it was with bitcoin in 2015.
Recognition of crypto currency security will have a negative impact on its course. The exchanges, trading Ethereum will need to register with the SEC suspending trading at the time of registration license.
Foundation Ethereum co-founder Joseph Lubin I am sure that this will not happen. According to him, the Foundation has carried out many consultations with lawyers on this issue. According to Lubin, Ethereum does not fall under the classification of securities is governed by SEC.
In 2014 the IRS has not recognized the bitcoin currency, calling it a property which is subject to the corresponding tax, including resale abroad.
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