It's been a while since I've seen this topic discussed, and with new developments always arising, I wanted to see the opinions that are out there.
A few years ago, Gary claimed that ETH wasn't a security. Times have changed, yet there still is no exact determination of what ETH is.
With Ethereum 2.0 moving to POS rather than POW, more cases have been made in the security vs commodity argument.The Howey Test is consistently brought up when discussing security law, and I’ve seen Ethereum land on both sides of the coin.
So, what do you guys think: Is Eth a security?
Edit - Two additional questions:
If ETH is a commodity and not a security, can someone be charged with giving Financial Advice illegally while giving their opinions of the price action of ETH?
Can coins made on the ETH network be classified as a security even if ETH is not one?
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