Ang ETH ay isang Kalakal, hindi isang Seguridad, Coinbase bilang Tugon sa SEC
The discussion over spot ETFs has spiked significantly in the past few quarters; the much-awaited Bitcoin spot ETF secured approval from the Securities and Exchange Commission (SEC) of the United States. Coinbase, the second most used centralized cryptocurrency exchange in the market, responded to the SEC over the proposed amendments in the rules to list Ethereum Grayscale Fund as a spot exchange-traded fund, backing the conversation of the institution over the conversion. In the response letter, Coinbase argued why the listing should be approved for “almost identical reasons” stated by Grayscale regarding approving the highly anticipated Bitcoin Spot ETF. Coinbase asserted in the response letter that “ ETH is a commodity, not a security.” As per the arguments of the cryptocurrency exchange, Ethereums commodity status has been publicly recognized in several opportunities in the Commodity Futures Trading Commission (CFTC) regulations of Ether futures, statements of the commission, and rulings of federal courts. The war of statements between the SEC and Coinbase is quite old, and the firm was earlier sued by the US SEC. The battle between the cryptocurrency exchanges is a never-ending struggle; most of the time, the commission files a case on any exchange for operating money service with any regulatory approval. GrayScale