CRYPTO INSIDER: SEC exec says Ethereum is not a security

Jeremy Waldorph for Yahoo Finance

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The Securities and Exchange Commission on Friday announced a long-awaited decision on whether Ethereum was a security. Much to the relief of many crypto enthusiasts, the agency's head of corporate finance said it is not a security. Here's what that decision means for cryptocurrencies and ICO's going forward.

Here are the current crypto prices:

Markets Insider

And today's news:

• A trading company with 10 million customers is setting up a crypto desk for hedge funds and banks
• Grammy Award-winning musician Imogen Heap is using Ethereum and the Harry Potter musical to fund her blockchain project
• Ethereum spikes after the SEC declares it's not a security

New to Crypto Insider? Business Insider has a ton of articles to get you caught up to speed, including:

• How to buy and sell major cryptocurrencies using Coinbase on your iPhone
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• An ETF veteran who ditched Wall Street for crypto explains how bitcoin can fit into a portfolio
• Track the price of nearly two-dozen cryptocurrencies here

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