On: SEC Issues Report Concluding DAO Tokens, a Digital Asset, Were Securities

[brucephillips]

I don't think the findings unequivocally imply that ETH and BTC are securities. Or am I missing something?

[tannhauser23 → brucephillips]

It's saying that companies raising money through ICOs are issuing securities in form of ownership tokens in their companies.

[brucephillips → tannhauser23]

No, it's specifically referencing "DAO" tokens, which are a subset of tokens sold through ICOs.

[wmf → brucephillips]

AFAIK the SEC considers BTC a commodity but that doesn't mean it's unregulated. CFTC, IRS, FinCEN, and state regulations impose all kinds of restrictions on cryptocurrency that almost no companies are following.