.jpmorgan says the release of the Hinman documents in the SECGov versus Ripple case is a boost to ether and will likely trigger a race for decentralization in the crypto market. willcanny99 reports.
Senior leadership at the SEC did not rank ether as a security in 2018, the report noted, and SEC officials acknowledged that the “fact that tokens on a sufficiently decentralized network are no longer securities creates a regulatory gap.”
JPMorgan says these revelations could explain why the regulator has not taken action against ether while targeting other crypto tokens this year. The easiest solution for Congress would be to put ether in the same category as bitcoin , and regulate it as a commodity under the oversight of the Commodity Futures Trading Commission .
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