28 Oct '14, 9pm

BitBeat: Bitcoin 2.0 Companies Respond to SEC Rumor: We're Clean - Wall Street Journal (blog)

Joseph Lubin, co-founder of Ethereum, a blockchain-based platform that’s independent of bitcoin, said his company had received no letter from the SEC and was confident in the legality of its recent crowdsale exercise, which when it concluded in early September was valued at $18 million. He said internal tokens issued in that sale, known as ether, amounted to software, not securities, and had no contractual rights attached to them. Ether could only be defined as such, he said, because “it is absolutely essential to the proper operation of the decentralized operating environment that we are building.”

Full article: http://blogs.wsj.com/moneybeat/2014/10/28/bitbeat-bitcoin...

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