An update yesterday on Ethereum's transition to the Proof-of-Stake consensus mechanism raises the likelihood that it will be recognized as a security in the United States, The Wall Street Journal reported. Hours after the update, SEC Chairman Gary Gensler recalled that cryptocurrencies and intermediaries that allow investors to stake coins can be tested under the Howey test to determine whether an asset is a security. "From a coin's perspective, this is another indication that, unde...