Ethereum co-founder says ether not a security, compares it to oil after regulator claims

From cnbc.com

The co-founder of Ethereum, Joseph Lubin, hit out at regulators likening the ether cryptocurrency to a security Wednesday, saying it was more akin to a commodity like oil. In an interview with CNBC’s Arjun Kharpal at the Paris Blockchain Week Thursday, Lubin said he was “very confident” ether was not a security. If it were treated as such, ether would need to be registered with regulators and subjected to much stricter requirements around pre-clearance and reporting. “Anyone can say anything, it doesn’t make it true,” Lubin told CNBC. The concerns that ether may be deemed a security stem from a lawsuit ... (full story)