Is Ethereum really a security?
In support of this view, Agrawal linked a 2018 article arguing that there is a difference between “a token pre-sale and the token itself.” Naaangkop mga batas sa seguridad use the Howey Test to determine whether a contract, scheme, or transaction meets the definition of a security. It focuses on resolving if investors paid money in a common enterprise with the expectation of profits from the efforts of others. Although these rules date back to the 1930s, before computers and digital assets, specific cryptocurrencies and Initial Coin Offerings (ICOs) (or token pre-sales) have met the definition of an investment contract, according to regulators. NYAG says Ethereum is a security Noong Marso 9, ang NYAG, Letitia James, filed a lawsuit against Todays action is the latest in our efforts to rein in shadowy cryptocurrency companies and bring order to the industry.” James said she could trade cryptocurrencies on the exchange in New York, yet the entity was not registered in the state. Furthermore, the AG added that users could buy and sell “popular virtual currencies, including ETH, LUNA, and TerraUSD (UST), which are securities and commodities.” Although the principal theme of the lawsuit centered on KuCoin operating illegally in New York, James categorically called out the trading of