Jack Dorsey Agrees Ethereum Is In The Securities Category

The crypto community debates the status of Ethereum whether securities or commodities. (Photo; Doc. Unsplash)

JAKARTA - The debate over Ethereum status continues in the cryptocurrency industry. There has been no final decision to reach an agreement whether Ethereum should be classified as a security or not.

The latest comments from Twitter's former CEO, Jack Dorsey, who called Ethereum a security, sparked various responses. Some people feel offended and disagree with the opinion, while others consider the classification irrelevant.

Blockchain developer and consultant Udi Wertheimer even referred to Jack as "badut" in his response. He also shared a SEC claim video in 2018 stating that Ethereum was decentralized enough that it was not categorized as a securities.

It's not new for Jack Dorsey to show his distrust of Ethereum. As a Bitcoin supporter, Jack believes that Bitcoin has the potential to change the way value exchanges and create equality in the financial system. He has also criticized development projects on Ethereum, stating that developers on the platform have failed.

Tweets about Ethereum as a securities emerged at an important time in the cryptocurrency industry. Cryptocurrency regulation and the question of whether cryptocurrencies should be classified as securities are becoming increasingly crowded topics. While this debate continues, many are looking forward to the clarity of Ethereum's status and its impact on the crypto market as a whole.