After U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton backed a colleague’s analysis that tokens like ethereum may not be securities this week, panelists at the TOKEN2049 event are raising questions over one criteria suggested by the regulators. Asked whether and how regulators have the power to define a threshold that William Hinman, SEC director of corporation finance, described last year as “sufficiently decentralized,” Gabor Gurbacs, Digital Asset director at VanEck, said he believes it doesn’t make sense to say “if something is sufficiently decentralized, it’s not a security.” Gurbacs’ firm has ... (full story)