Bitcoin and ether are not securities, but some initial coin offerings may be, SEC official says
Hinman specifically said that bitcoin is not a security because it is decentralized: there is no central party whose efforts are a key determining factor in the enterprise. In addition, ether is also not a security because the ethereum network is also ...
SEC Says Bitcoin and Ethereum Are Not Securities
Rest Easy, Cryptocurrency Fans: Ether and Bitcoin Aren't Securities
SEC: Some Crypto Coins Are Securities (Not Bitcoin)