FINLAW: CAN A SECURITY TOKEN LATER CHANGE INTO A NON-SECURITY? (PART II)
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