Opinion: SEC strongly suggests ETH is a commodity rather than a security in its spot Ethereum ETF approval order

2024/07/21 10:15

Odaily News Nate Geraci, president of The ETF Store, cited an analysis report from the law firm Foley Lardner LLP, pointing out that the most important development of the U.S. SEC in the ETH spot ETF approval order is that the SEC strongly implies that ETH is a commodity rather than a security. In addition, the approval order indicates that crypto assets can start as securities and transform into commodities over time.

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