“As written, the language stays imprecise as as to whether ETH is a safety. If you wish to make an affirmative assertion that it isn’t a safety, the language could possibly be stronger (i.e., simply say it). Should you do not need to take an affirmative stance, we advise utilizing language much like what you used for Bitcoin re. the disclosure regime to make it extra constant,” wrote former SEC Director of Buying and selling and Markets Brett Redfearn on June 12, 2018.
