Ether and bitcoin are not securities: the reflection of the Crypto communityt
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### ___On Thursday, after the head of the corporate finance department of the SEC announced the release of some digital assets from supervision by the agency, bikkoyn-evangelists triumphed. According to many, the SEC decision is an important step for the entire crypto community, but some of the community points out the haste of such conclusions.___
With the rapid growth of the ICO market, whose fees are estimated at nearly $ 14 billion, the US Securities and Exchange Commission has adopted a strict policy: any ICO tokens should be treated as securities, which will cause the blocking projects coming out to the ICO to comply with disclosure laws information about the campaign and other laws that protect the rights of investors.
However, at the San Francisco Conference, William Hinman, head of the SEC corporate finance department, recognized the differences between the issuance of coins with the help of ICO and the additional issue after the initial placement of the tokens, with reference to the project Efirium. Hinman also noted that the team of investors and developers of this platform since the ICO in 2014 has grown from a small group of pioneers to a community that has several million investors and more than 100,000 developers.
This is great news; The SEC recognizes that while the platform is only being created, coins can be regarded as securities, and then, after the release of the finished product, if the issue of the crypto currency continues, the coins will cease to be included in this category, "said Keitlin Long, former chief executive of Morgan Stanley.
Eric Voorhis, Executive Director of Shapeshift, also commented on the SEC's decision:___
**"In Hinman's speech there was a standard reservation of an official that his opinion might not reflect the real views of the Commission. Crypto-enthusiasts may have taken things too much to heart. **"
Voorhis also noted that Hinman had drawn parallels between the air and bitcoin, the first crypto currency, which the SEC no longer regards as a security.
Other representatives of the crypto community drew attention to some of the nuances of the SEC representative's statement, accusing the department of trying to apply the old traditional framework to the emerging world of cryptoeconomics that does not fit into the boundaries of the existing financial system.
Marco Santori, the head of Blockchain's largest bitlock-purse and the adviser on financial technologies at the International Monetary Fund, wrote on Twitter that Hinman's stated position is "really worthwhile", adding that it can "become the basis for a stable economy of crypto-currencies, and a wide variety of tokens -valuable papers".
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