On April 22, Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said in a recent interview with CNBC that he agreed with the current SEC chairman Gary Gensler that a large portion of cryptocurrencies may fall into the category of securities. When asked whether Ethereum would be identified as a potential unregistered security, Jay Clayton used Broadway theater tickets as an analogy. He explained that if you make a Broadway play and get future tickets, then the ticket will be considered a security, but if the show is successful and the tickets are sold, then the ticket is no longer a security, but just a ticket. This logic can also be applied to Ethereum. Jay Clayton believes that Ethereum has more "Broadway tickets" characteristics rather than a means of raising funds, but he also admits that he does not know all the facts about the matter. (U.Today)
