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By Anna Irrera 3 Min Read NEW YORK Reuters - The price of ether rose on Thursday after a senior official at the U. Securities and Exchange Commission Bitcoin-investitionen langfristig that the cryptocurrency was not a security, thus exempting certain transactions in the token from federal securities laws.

Representation of the Ethereum virtual currency standing on the PC motherboard are seen in this illustration picture, February 3, For example if deemed a security, websites offering trading in the token would have required licenses from federal regulators.

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It has fallen more than 60 percent since its peak in January. The remarks could lower the barriers for mainstream financial products based on ether, including futures contracts. O said in a statement.

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Regulators have focused on initial coin offerings ICOsonline fundraisers where new cryptocurrencies are sold. More than 1, different tokens are in ethereum hoje investieren, according Ccoinmarketcap.

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Ether was issued following an online crowdsale held in Reporting by Anna Irrera; Editing by Meredith Mazzilli.