Ethereum Is Not A Security by steembusiness

cryptocurrency · @steembusiness · Jun 14 '18

$30.45

Ethereum Is Not A Security

![entrepreneur-3254525_1920.jpg](https://ipfs.busy.org/ipfs/QmNegk5KKvp6fTE4uCTNSUb4CVVpo2yaAvQkXyBuqE8ejy)

According to a senior U.S. SEC official Ethereum will not be regulated as a security as reported within the Wall Street Journal on June 14.

Here are the exact words of SEC Corporation Finance Director William Hinman on what he sait at the Yahoo Finance's All Market Summit in San Francisco:

> “Based on my understanding of the present state of ether, the Ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.”

<br>That means that the altcoin is seen to be decentralized to such an extend that it doesn't have to fear any heavy regulations being considered a security. That being said I expect the exact same thing to happen for Bitcoin shortly as SEC Chair Jay Clayton recently stated that he believes Bitcoin is also not a security as it acts as a replacement for sovereign currencies. 

![header divider.PNG](https://steemitimages.com/DQmTCee2GHXutjSPE1E7HuCbh8rYi7xAuViaEDonZERiFeF/header%20divider.PNG)

| <center>Follow @Buildteam! <br> A Crypto Startup Revolutionizing Steem! </center>  |  
|---|
|  ![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1515938071/xxnz2gtk9uloi13rgwvj.png)|  

***

<center><h5>Leave A Comment & Follow Me @Steembusiness</h5></center>

👍 shenanigans, reggaemuffin, cowtippin, buddhist, stiflers-mom, freemoceanisnow, mrsquiggle, pharesim, raycoms, furious-one, taskmaster4450, jasonstaggers, steembusiness, carlosd15, forexbrokr, xervantes, velimir, theleapingkoala, bulleth, steemvoter, scaredycatguide, pearica, buggedout, heart-to-heart, g-dubs, scooter77, scrooger, techblogger, viraldrome, drwom, badham, gohba.handcrafts, kiddarko, thealliance, oleg326756, cryptastic, buzzbeergeek, adventureevryday, matko-md, s1crypt, rhondak, saffisara, twistychips, vlemon, dadview, toxichustle, jpederson96, longsilver, sdicuration, michaeldavid, kriptonoob, leyargoz, enginewitty, planktown, mdosev, tanglebranch, thecryptovogue, poletopole, peronpera, guyfawkes4-20, deaconlee, fishyculture, marty-arts, steemitcitizen, and 38 others

`post_id`	53,039,270
`author`	steembusiness
`permlink`	ethereum-is-not-a-security
`category`	cryptocurrency
`json_metadata`	"{"links": ["/@buildteam", "/@steembusiness"], "community": "busy", "app": "busy/2.4.0", "format": "markdown", "tags": ["cryptocurrency", "trading", "money", "ethereum", "busy"], "users": ["Buildteam", "Steembusiness"]}"
`created`	2018-06-14 22:15:18
`last_update`	2018-06-14 22:15:18
`depth`	0
`children`	6
`net_rshares`	0
`last_payout`	2018-06-21 22:15:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	29.882 SBD
`curator_payout_value`	0.566 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	1,359
`author_reputation`	90,041,857,258,412
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (102)

voter	rshares	pct
pharesim	82,462,427,457	0.1%
g-dubs	14,759,536,969	5%
speda	301,229,998	25%
jasonstaggers	53,981,982,069	25%
scaredycatguide	18,746,817,191	25%
kiddarko	6,238,440,749	5%
freemoceanisnow	693,107,703,081	100%
dadview	1,253,450,500	3%
christheaudioguy	195,066,426	5%
oleg326756	5,388,580,956	20%
adventureevryday	4,478,558,228	10%
steemvoter	19,684,635,533	20%
deaconlee	434,482,861	1%
buzzbeergeek	4,570,100,266	10%
steemitcitizen	413,386,093	5%
velimir	26,911,063,325	5%
prostosun	248,225,332	1%
manuel78	83,417,004	1%
scrooger	12,569,981,264	100%
cryptastic	4,620,210,441	20%
enginewitty	676,394,851	5%
leyargoz	679,077,788	1.5%
gohba.handcrafts	6,952,234,690	20%
reggaemuffin	2,513,028,551,658	25%
dailygiveaway	317,968,724	52%
scooter77	12,747,837,291	50%
xervantes	30,634,931,533	30%
drwom	9,017,040,351	40%
matko-md	3,429,811,201	100%
mdosev	646,467,003	5%
bulleth	22,734,446,029	50%
twistychips	1,642,504,493	100%
rhondak	1,959,946,426	1.5%
carlosd15	37,082,404,704	100%
saffisara	1,951,221,004	15%
pearica	18,500,498,761	100%
guyfawkes4-20	487,879,678	3%
furious-one	76,670,318,962	40%
forexbrokr	31,486,310,696	100%
mcoinz79	336,444,143	1%
edthecanadian	396,160,362	1.05%
catweasel	139,404,125	1.2%
jpederson96	1,179,379,332	20%
heart-to-heart	15,974,595,307	10%
michaeldavid	721,492,695	1%
fiftysixnorth	357,702,592	1.2%
viraldrome	9,733,067,333	22%
phelimint	261,788,961	0.99%
steembusiness	47,861,135,600	100%
toxichustle	1,213,691,402	5%
sdicuration	749,618,886	100%
buggedout	17,616,372,031	10%
avesa	316,502,361	0.15%
theleapingkoala	23,877,726,439	100%
marty-arts	430,526,300	0.15%
techblogger	10,316,705,915	25%
enchantedspirit	248,933,800	1.5%
badham	8,469,491,572	100%
mrsquiggle	171,440,736,402	50%
fishyculture	434,111,920	2%
mayvil	235,058,647	1.5%
snowpea	315,712,201	1.2%
rumplestiltskin	72,312,217	2.7%
vlemon	1,360,175,789	1%
longsilver	1,076,329,490	5%
molovelly	91,240,358	1.5%
steempaper	306,887,201	100%
taskmaster4450	57,955,566,983	10%
phamished	125,266,236	1.5%
kriptonoob	709,171,010	1%
raycoms	77,690,161,413	46%
thealliance	6,039,728,120	3%
joeyp978	203,074,471	100%
snook	388,180,755	1.5%
tanglebranch	642,616,736	3%
byn	358,178,600	1.5%
xny	198,041,260	100%
adityajainxds	71,047,185	3%
stiflers-mom	741,323,315,681	100%
cygon	118,569,876	1.5%
buddhist	932,757,426,713	91%
dailythoughts	314,295,021	100%
warpedweaver	234,071,093	5%
s1crypt	1,998,336,588	100%
thebugiq	194,701,475	1.5%
ameliabartlett	108,710,095	0.3%
cryptictruth	376,563,613	5%
sagitta6	82,516,452	20%
spederson	388,823,510	20%
sagitta	61,161,378	10%
planktown	672,140,209	1.5%
wirednkod	304,802,130	50%
journeyfreedom	379,613,910	49.77%
shenanigans	3,954,370,239,062	88%
poletopole	603,273,164	100%
cowtippin	2,110,984,769,220	100%
blackchan	259,049,659	100%
peronpera	579,612,187	100%
travelingg	396,637,683	100%
thecryptovogue	610,038,189	100%
joepee	192,066,215	100%
steem0	286,570,112	100%

@viraldrome · Jun 14 '18

Good news for Ethereum. Someone is going to get labelled a security i bet, Ripple or someone

properties (22)

`post_id`	53,039,444
`author`	viraldrome
`permlink`	re-steembusiness-ethereum-is-not-a-security-20180614t221254620z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 22:17:36
`last_update`	2018-06-14 22:17:36
`depth`	1
`children`	2
`net_rshares`	0
`last_payout`	2018-06-21 22:17:36
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	92
`author_reputation`	47,013,460,816,776
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@steem0 · Jun 14 '18

They would count EOS as security I think.

properties (22)

`post_id`	53,039,601
`author`	steem0
`permlink`	re-viraldrome-re-steembusiness-ethereum-is-not-a-security-20180614t221939229z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 22:19:42
`last_update`	2018-06-14 22:19:42
`depth`	2
`children`	1
`net_rshares`	0
`last_payout`	2018-06-21 22:19:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	41
`author_reputation`	905,037,692,151
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@geyzee · Jun 14 '18

$0.51

Nice on fryer

👍 geyzee, ubongj

`post_id`	53,045,588
`author`	geyzee
`permlink`	re-steem0-re-viraldrome-re-steembusiness-ethereum-is-not-a-security-20180614t233557494z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 23:36:03
`last_update`	2018-06-14 23:36:03
`depth`	3
`children`	0
`net_rshares`	0
`last_payout`	2018-06-21 23:36:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.385 SBD
`curator_payout_value`	0.125 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	13
`author_reputation`	2,726,186,454,195
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
ubongj	0 B		91,978,597,161	100%
geyzee	0 B		108,544,290,569	100%

@steem0 · Jun 14 '18

Yeah they won't put heavy regulations on Ether for sure and they might consider token transfer as a normal asset transfer

properties (22)

`post_id`	53,039,520
`author`	steem0
`permlink`	re-steembusiness-ethereum-is-not-a-security-20180614t221843874z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 22:18:48
`last_update`	2018-06-14 22:18:48
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-21 22:18:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	121
`author_reputation`	905,037,692,151
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@travelingg · Jun 14 '18

great post

properties (22)

`post_id`	53,042,384
`author`	travelingg
`permlink`	re-steembusiness-ethereum-is-not-a-security-20180614t225321646z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 22:54:12
`last_update`	2018-06-14 22:54:12
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-21 22:54:12
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	10
`author_reputation`	3,130,080,850
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@ceruleanblue · Jun 14 '18

Excellent post, but I'm curious what are you're thoughts on ripple then? If I'm not mistaken they were claiming that Ripple was a Security as well no?

properties (22)

`post_id`	53,045,723
`author`	ceruleanblue
`permlink`	re-steembusiness-ethereum-is-not-a-security-20180614t233748198z
`category`	cryptocurrency
`json_metadata`	"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
`created`	2018-06-14 23:37:48
`last_update`	2018-06-14 23:37:48
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-21 23:37:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	150
`author_reputation`	3,379,783,558,188
`root_title`	"Ethereum Is Not A Security"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	0