The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, said that ETHEREUM and similar cryptocurrencies could eventually lose the status of securities.
In June 2018, the head of the SEC corporate finance division, William Hinman, stated that the decentralized structure of the Ethereum network does not allow for proper application of securities laws to this cryptocurrency. At that time, some saw in Hinman's statement an important step towards eliminating uncertainty in the regulation of digital assets, while others thought that was not enough.