Gary J. Aguirre, security attorney and former investigator with the United States Securities and Exchange Commission (SEC), shared more information about SEC’s recent investigations on Ethereum.

Do you know that under SEC guidelines, invest in security token is pooled with others’ common project and you can not actively involved in managing that project. While utility token investments must be registered, and saying that it has a utility feature to it. Typically these tokens carry with them many of the property characteristics of the securities token.

“Maybe there is a token out there, that is truly different than a security. But the chairman of SEC, said every ICO I have seen is security. ”

So, is Bitcoin a security token? Is Ethereum a security token?

Find out the answer in the video!