Michael Saylor vs Cardano’s Hoskinson over ETH’s possible ‘security’ status

• Michael Saylor predicts Ethereum will be classified as a crypto-asset security
• Charles Hoskinson was quick to respond to the Bitcoin maxi’s comments

The United States is taking steps towards regulating the cryptocurrency market, beginning with platforms like Kraken, Coinbase, and Uniswap. Now, it would seem that it’s turning its attention towards Ethereum [ETH]. As expected, opinions are divided about such an endeavour. 

While some oppose the Securities and Exchange Commission’s (SEC) classification of ETH as a security, MicroStrategy’s executive chairman Michael Saylor believes otherwise. 

Michael Saylor’s argument 

According to the exec, Ether, the world’s largest altcoin, should be classified as a crypto-asset security rather than a commodity. Speaking at the MicroStrategy World 2024 conference, Saylor added,

“By the end of May, you’ll get to know that Ethereum is not going to be approved. Then it will be…