Ether isn’t a security? Who knew?

The SEC, apparently. They have decided that BitCoin, Ether, and related products are their own unique offering that does not qualify as a security except under certain circumstances, although to my mind that appears to be incorrect, given it floats on an exchange and can be sold for actual currency. At the very least, it acts and behaves in many ways like a security that is traded for dollar denominated items.

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