Hinman’s email highlights SEC’s selective regulation, raising fairness concerns.
SEC’s Ether stance involved top officials, suggesting a high-level regulatory decision.
Ether’s non-security status provided it regulatory freedom, unlike other cryptos.
The SEC’s internal deliberations over cryptocurrency regulation have come under the banner from an email sent by William Hinman, former Director of the Division of Corporation Finance. Dated June 4, 2018, the email, titled “Ether speech,” shows a selective approach by the SEC, raising concerns about potential favoritism.
The email reveals the SEC’s desire to exclude Ether (ETH) from securities regulation while remaining ambiguous about other cryptocurrencies. Hinman stated in his email that he planned to publicly clarify Ether’s regulatory status.
This approach to crypto regulation raises questions about the SEC’s inconsistent treatment of digital assets, especially given the lack of clarity provided for other cryptocurrencies.
Hinman’s Email and Ether’s Securities Exclusion
Hinman’s email provides insight into the SEC’s plans to officially clarify Ether’s regulatory status. The draft of his s…
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