According to Twitter user @NeilJacobs, when quizzed on the securities status of Ethereum, Securities and Exchange Commission (SEC) Chairman Gary Gensler refused to answer the question.
“BREAKING: When asked to comment on whether Ethereum qualifies as a security under the Howey Test because it is under the control of so few people, SEC Chairman Gary Gensler refused to answer.“
Since the U.S securities regulator brought legal action against Ripple over allegations it sold unregistered securities, the issue of Ethereum’s status has also come to light.
