Saylor thinks ETH post-merge on Proof-of-Stake is a security.
Relevance information can be seen on:
cointelegraph: BTC bull Michael Saylor: Ethereum is 'obviously' a security.
Or straight from the source:
https://youtu.be/JGvdMWvyRAA?t=1697.
He opined that ETH was security all along not after the post-merge.
“I think Ethereum is a security, I think it’s pretty obvious, [...] it was issued by an ICO, theres a management team, there was a pre-mine, there’s a hard fork, there’s continual hard forks, there’s a difficulty bomb that keeps getting pushed back.”
“For it to be a commodity there can’t be an issuer, and the truth is you can’t really make decisions. I mean one of the fundamental insights in the crypto industry is that the fact that you can change it, is what makes it a security,” he said.
Surely his main point besides a few things mentioned above is the fact that there are an issuer, ICO, and premine which make it could be categorized as a security. One thing worth noting is he talking in the context of a bill that considers ETH as a commodity.
