I thought they said Ethereum wasn't a security. On the other hand Block One actually settled with SEC $24M for selling unregistered securities.
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I thought they said Ethereum wasn't a security. On the other hand Block One actually settled with SEC $24M for selling unregistered securities.
Shit. The world "non" was missing from my text. I hope it was clear to most readers from that passage that Ethereum was different from STEEM at present in being classified a non-security anyway. The second sentence describing STEEM started with the word"conversely".
But it's now corrected. Yes, Ethereum was indeed ruled a non-security owing to its decentralization. EOS is too centralized to be ruled a non-security by the SEC, which is why Block One had to pay $24 M in fines.