Nate Geraci, president of The ETF Store, citing analysis by law firm Foley & Lardner LLP, noted that the most significant development in the SEC's approval order for the ETH spot ETF was "the SEC's strong suggestion that ETH is a commodity and not a security."
Moreover, "the approval order indicates that crypto assets can begin as securities and turn into commodities over time."
Opinion: SEC "strongly implies ETH is a commodity, not a security" in ETH spot ETF approval order
2024-07-21 02:01:48
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