Jack Dorsey agreed with the opinion of the SEC and recognized the ether as a security

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Co-founder and CEOBlock, the creator of Twitter, said it considers the Ethereum network's own asset to be a security. The investor and Bitcoin enthusiast actually agreed with the arguments of the Securities and Exchange Commission (SEC).

Jack Dorsey made his point succinctly in one tweet. 

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Yes. https://t.co/PrMx7yugsU

— jack (@jack) June 6, 2023

The Twitter creator added that in his opinion,Today, there are only three technologies that are truly resistant to government censorship: the TOR network, the Bitcoin blockchain and the Nostr protocol. While these technologies may not be familiar or easy to use for most people today, Dorsey is convinced they are the future.

The developer of Bitcoin ordinals at Udi Wertheimer's Taproot Wizards suggested that Dorsey does not understand the topic deeply enough to make such a judgment.

But, for example, a corporate strategy advisorTether and VanEck Gabor Gurbacs, commenting on Wertheimer’s words, said that Ethereum’s recent transition to Proof-of-Stake consensus could trigger the US securities law.

Previously, the CEO of Block became
the largest investor in the Bitcoin startup Azteco, which offers a simplified way to buy BTC for people who do not have bank accounts.