In a recent interview on CNBC's Squawk Box, former SEC Chairman Jay Clayton provided his insight into the ongoing debate about whether Ethereum (ETH) should be considered a security.Clayton used a Broadway play analogy to illustrate his point. He argued that initial investments in the play's production, with the promise of future ticket returns, could be considered securities. However, once the play becomes successful and tickets are sold at the box office, they are no longer securities but merely tickets.