"Trade Group" Asks U.S SEC Not To Classify Ethereum As A Security
RE: "Trade Group" (so says Ethereum news) headline "Trade Group Asks U.S SEC Not To Classify Ethereum As A Security"
The Venture Capital Working Group consists of lawyers and representatives from venture capital companies Andreessen Horowitz and Union Square Ventures. The group met with officials at the U.S Securities and Exchange Commission (SEC) on March 28th, 2018, to discuss initial coin offering (ICO) tokens, but its since been revealed the group put forward a specific case for the classification of Ethereum.
Reports state that the arguments failed to sway the SEC and it’s as yet unclear as to whether the SEC will continue to classify Ethereum as a security, based on its origins from an ICO, or whether it will view Ethereum based on its current characteristics.
https://ethereumworldnews.com/trade-group-asks-u-s-sec-not-to-classify-ethereum-as-a-security/
A more better headline on the same topic by Politico:
Venture capital firms seek regulatory shelter for digital token startups
