Senator Cynthia Lummis (R-WY) revealed Wednesday that she now views the second largest cryptocurrency as a security – not a commodity. The senator’s statement is a departure from her claims in June, which would have made room for Ether as a commodity, alongside Bitcoin. However, with Ethereum’s switch to a proof of stake consensus mechanism after September’s Merge, she believes it may not be sufficiently decentralized to meet the bar. (cryptopotato)
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Senator Lummis Now Believes Ether is a Security
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