##On Today's Episode of Let's Talk Bitcoin...Adam shares a recent [SEC speech](https://www.sec.gov/news/speech/speech-hinman-061418) which provides some context on whether Ethereum, Bitcoin or ICO tokens are securities in the eyes of the law, and why.Lawyer [Stephen Palley](https://twitter.com/stephendpalley) stops by to discuss not just the speech and Ethereum, but several other potentially precedent setting legal actions.We end todays show with a [Patreon Q&A](https://www.patreon.com/aantonop) from Andreas Antonopoulos. In this segment he provides his perspective on the Ethereum question and then helps rescue us from the pit of legal headaches with some technical talk on bitcoin public keys. Sponsors: Purse.io (Use code LTB) and EasyDNS.comSupport the Show!Tip LTB:1FZGD64BA7B9GdwDhGGGF92amt9X6VH38K or Via the Lightning Network at https://tipltb.tokenly.com/---Content for today's show was provided by Stephen, Andreas and Adam. The SEC speech was written by William Hinman.This episode featured music by Jared Rubens and was edited by Adam B. LevineAny questions or comments? email adam@letstalkbitcoin.com