Navigating Ethereum's Price Drop: Opportunities and Challenges.
Despite SEC Chairman Gary Gensler's refusal to clarify Ether's status, the cryptocurrency industry is shifting towards rebuilding. Solidly's legacy lives on through several forks that have captured sizable market share on non-ETH networks. Token analysis has been further complicated by the SEC staff's suggestion that a token's status can "morph" from being a security to a non-security. Meanwhile, former SEC Chairman Jay Clayton agrees with Gensler that "securities cover a very wide swathe of crypto," but says courts are not the place to resolve asset classifications.