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Hours after Ethereum transition to proof-of-stake, SEC Chair says PoS crypto could be classed as securities (web3isgoinggreat.com)

submitted 2 years ago by rysiek@szmer.info to c/technology@lemmy.ml

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cross-posted from: https://szmer.info/post/138077

In the early hours of September 15, Ethereum completed "The Merge – the long-awaited transition from its original proof-of-work consensus mechanism to proof-of-stake.

Later that day, SEC Chairman Gary Gensler pointed to the staking mechanism as a signal that an asset might be a security as determined by the Howey test.

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