Michael Saylor “US SEC to Classify ETH as a Security”

“The U.S. Securities and Exchange Commission (SEC) will classify Ethereum (ETH) as a security and deny approval of spot ETFs applied for by a number of asset managers,” Michael Saylor, CEO of Microstrategy (NASDAQ: MSTR), the largest single holder of BTC outside of bitcoin spot ETFs, said at a conference on Tuesday (Feb. 2), according to Cryptoslate. “BTC is a universal cryptocurrency, which is enough to attract institutional investment and institutional acceptance. (There is no other cryptocurrency that can do that.” Michael Saylor is a leading Bitcoin maximalist who has repeatedly argued that ETH is a security.