SEC refuses to comment on whether Ethereum is a security

The US SEC Hester Peirce did not respond to a question from a Twitter follower whether Ethereum, the second largest cryptocurrency, is a security.

“Crypto Mom” ​​said she was open to building a “reasonable and clear” regulatory framework for cryptocurrencies, but would not focus on specific digital assets.

 Securities and Exchange Commission chairman Gary Gensler has dodged the same question repeatedly, making it clear that he won’t be talking specifically about any particular cryptocurrency in order to remain neutral.

At the same time, the agency also deliberately left out a 2018 speech by former official William Hinman saying that ether was not a security.

In the midst of the almost one-year legal dispute between the Securities and Exchange Commission and Ripple, calls for regulatory clarity remain.

Last month, Ripple CEO Brad Garlinghouse suggested that Ether overtook XRP in terms of market capitalization thanks to the passport issued by the SEC.

Despite being a staunch crypto advocate for many years, Peirce declined to speak on the Ripple case because Securities and Exchange Commission commissioners are prohibited from discussing ongoing lawsuits or enforcement actions.

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