ConsenSys founder Joe Lubin says the chances of Ether being classed as a security in the United States is as (un)likely as Uber becoming illegal.
“I think it's as likely, and would have the same impact, as if Uber was made illegal.”
In September, Securities and Exchange Commission Chairman Gary Gensler suggested that the blockchain’s transition to PoS might have brought ETHGensler believed staking coins gave “the investing public” anticipation of “profits based on the efforts of others.” “They thought back then that everything was a security. We — I think — helped them significantly understand lots of tokens are not securities, and then they went away and Gary and team now think almost everything's a security.”
“There is no centralized set of promoters or builders that is specifically trying to raise the value of Ether and enrich investors,” he added.
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