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ConsenSys proposes four key reasons to support Ethereum's non-securities status

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2024-04-28 22:21:26
The SEC's review of whether Ethereum is a security has sparked controversy. ConsenSys offers four reasons to support Ethereum's non-securities status:
1. Historic position: The former head of the SEC stated in 2018 that Ethereum is not a security, a historic position that provides a solid foundation for its non-securities status.
2. Classification of the CFTC: The Commodity Futures Trading Commission (CFTC) has long regarded Ethereum as a commodity, which is in line with the SEC's position.
3. Decentralization and openness: Ethereum's decentralized architecture makes it unlike securities, where all information is publicly accessible and does not have the characteristics of asymmetric insider information.
4. The irrelevance of the consensus mechanism shift: The recent consensus mechanism shift from PoW to PoS does not affect the core nature of Ethereum, and therefore should not be a reason for reclassification.
These factors together support Ethereum's non-securities status in the regulatory community. In response to the SEC's re-examination, the industry and community continue to pay attention to the positioning of Ethereum.
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