Former Twitter CEO Dorsey labels ETH as security, stirring debate
is a security and his comments have created a furore. Dorsey responded with “yes” to a question asking if ETH is a security.Dorsey a “clown” on the social media platform.a 5-year-old video of the U.S. SEC Chairman Gary Gensler saying that ETH was now “sufficiently decentralized” and hence not a security.that Ethereum’s recent switch to proof-of-stake mechanism may have re-triggered securities laws.
BTC’s price fell by 6.6% to around $25,500 following the SEC enforcement. The King coin was trading above $26,800 at press time after recovery. ETH’s price fell about 5.4% to around $1,800 following SEC enforcement. It was trading at $1,870 as of this writing.
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