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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 stated that the cryptocurrency was not a security, thus exempting certain transactions in the token from federal securities laws.

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    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.

    It has fallen more than 60 percent since its peak in January.

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    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 existence, according Ccoinmarketcap.

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