Ether’s Hazy Status at the SEC Leaves the Token Far Behind the Rally in Bitcoin
- Unclear if US agency would deem Ether an unregistered security
- Risk of such a designation seen sapping coin’s performance
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US regulatory uncertainty surrounding Ether is seen by some market observers as damaging the token’s performance compared with a recent rally in Bitcoin.
The ambiguity stems from whether the US Securities and Exchange Commission will add Ether to a growing list of digital assets it deems to be unregistered securities, a designation that can make the tokens harder to trade. Bitcoin is treated as a commodity in the US rather than a security, helping to clarify its status.