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International Business Times

Business

Marvie Basilan

Will $ETH Finally Get Status Clarity Under A Donald Trump Government?

Donald Trump SEC Gary Gensler Ethereum Brad Garlinghouse Crypto Bitcoin ConsenSys Cryptocurrency

Ethereum is the world's second-largest cryptocurrency, but unlike Bitcoin and even co-altcoin $XRP, its status as a non-security has yet to be officially confirmed. (Credit: IBTimes US)

KEY POINTS

Ripple's Brad Garlinghouse urged Trump to help provide clarity regarding Ether's non-security status
Gary Gensler repeatedly refused to provide clarity on $ETH's status as a security or a commodity, even under oath
Trump has only talked about Bitcoin, but has also expressed support for the broader crypto space

Celebrations over Donald Trump's victory are still underway in the cryptocurrency community, but one of the biggest issues in the industry has yet to be resolved: is Ethereum (ETH) a commodity or a security?

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