Is it possible that a security token can later become a utility token?

According to a speech today by the SEC’s Director of Corporate Finance William Hinman, the answer is yes.  This is big news for the cryptocurrency market.  As I blogged about six weeks ago, if the SEC decides that a security token can later become a non-security utility token, this may well be the beginning of a significant restructuring of the federal securities laws with major implications for Bitcoin and Ether.

See Hinman’s full speech here:  https://www.sec.gov/news/speech/speech-hinman-061418