US regulators will consider the issue of recognition of the Ethereum as a securities

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If the cryptocurrency is recognized as such, the Ether will have to officially register in the US market and follow the same procedures and rules as the classical financial instruments.

On Monday, May 7, the SEC (US Securities Commission) and the CFTC (Commodity Futures Trading Commission) will discuss whether Ethereum can be classified as a security.

If the cryptocurrency is recognized as such, the Ether will have to officially register in the US market and follow the same procedures and rules as the classical financial instruments.

Recall regulators turned their attention to the second most popular cryptocurrency after the classification of pre-sale tokens Ethereum in 2014, as the sale of shares without the relevant reporting to the US Securities Commission. Vitalik Buterin, according to departments, his ICO violated several laws of the United States.

The Ethereum will undergo a “Howie test”, consisting of a number of regulatory issues. This test was developed back in 1946 and is used to this day to prevent all sorts of frauds in “land” transactions.

Interestingly, the Ethereum Foundation does not take any action on this matter.

If the ether is recognized as a security, this cryptocurrency will only be licensed by the US Securities and Exchange Commission, licensed by the US Securities and Exchange Commission.

In addition, the ban will be an ICO, using the platform Ethereum and making the exchange of their tokens on the Ether.

Recognition of cryptocurrency securities, with a high probability, will lower the coin rate, too. The exchange will be forced to stop trading this asset during the procedure for obtaining a license from the SEC.

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