Consensys said on the X platform that while ConsenSys welcomes today's decision to approve the Ethereum Spot ETF as a step in the right direction, this seemingly last-minute decision once again demonstrates the SEC's tricky and haphazard approach to digital assets. No other industry, market, or asset is subject to such deliberate regulatory abuse. This is unfair to market participants, contrary to legal principles, and constrains innovation.
Today's approval demonstrates that the SEC considers Ethereum to be a commodity, not a security - a position it has held until this week, as described in our recent lawsuit against the SEC. We will continue to fight for clear regulatory clarity in our case, and are pleased to see bipartisan efforts in Congress to seek clear and reasonable regulation.
Consensys: Ethereum Spot ETF Approval Shows SEC Recognizes Ethereum as a Commodity
2024-05-24 02:44:50
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