Michael Saylor, the CEO of MicroStrategy, has  categorically said to "Altcoin Daily" in an interview that Ethereum is a security. This has sparked a fresh BTC vs ETH debate.

     U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler designated only bitcoin is a commodity on June 27 of this year. This relates to Saylor's recent assertion that is creating Bitcoin vs Ethereum.

American Regulations Suspected

     The American Difference in Security and Commodity is that Commodities  are regulated by the CFTC and securities are overseen by the SEC, both of which are independent legal entities. By classifying Bitcoin as a commodity and Ethereum as a security, they are creating a path for the agencies to choose which cryptocurrency they have the authority to intervene with.

What is Blockchain and Cryptocurrency?

     Blockchains are messaging protocols that keep track of ledgers, and cryptocurrencies are the internal network and message-sending system. These codes do not grant anyone any rights to equity or debt and are not asset-backed. A piece of computer code cannot expressly be a security or a commodity.

Thoughts

     Cryptocurrency was created to promote economic freedom, but US regulators are attempting to divide and rule. Whether you support Bitcoin or Ethereum is a matter of personal preference; don't let other organisations restrict your financial ability.