In huge win for cryptocurrency, SEC says bitcoin and ether aren't securities

The world of cryptocurrency just got some much needed good news. 

With the prices of bitcoin and ether on a steady downward trend, the Securities and Exchange Commission today provided hodlers with a flash of hope: Neither of the cryptocurrencies are considered securities. 

SEE ALSO: The only good thing to come out of Bitcoin is this stock art cat

So reports CNBC, which notes that the SEC's head of the Division of Corporate Finance, William Hinman, delivered the news at the San Francisco Yahoo All Markets Summit: Crypto conference. If the SEC had decided differently, then exchanges and markets would likely have faced some serious regulation.  Read more...

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