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The SEC is seeking information from companies about their dealings with the Ethereum Foundation. The demands come as part of a review of the regulatory status of ETH and whether it should be classified as a security.
He went on to state that millions of Americans hold Ethereum, which has been vital to the crypto since its launch in 2015, “and ETH is a commodity, not a security.”from former senior SEC official William Hinman confirming that ETH is not a security. Sigh… again with the ETH misinformation as we await a decision on ETH ETPs. Ok–let’s talk about some basic facts about Ethereum. Millions of Americans hold ETH; it has been vital to crypto since its 2015 launch; and ETH is a commodity, not a security. 1/10“The SEC has no good reason to deny the ETH ETP applications,” Grewal concluded.
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