Experts Confirm Ether as a Non-Security
Industry experts, including Bloomberg ETF analyst James Seyffart and digital asset lawyer Justin Browder, have highlighted the recent approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) as a significant milestone. According to Seyffart, “the approval of these commodity-based trust shares implies that the SEC explicitly recognizes Ether as not being a security.” Browder further emphasized that if Ether ETFs receive S-1 approval, it would settle the debate once and for all, affirming ETH’s non-security status.
James Seyffart: “The approval of these commodity-based trust shares implies that the SEC explicitly recognizes Ether as not being a security.”
Justin Browder: “If Ether ETFs receive S-1 approval, it would settle the debate once and for all, affirming that ETH is indeed not a security.”
Implications for Staking and Other Tokens
While the approval of spot Ether ETFs solidifies Ether’s classification as a commodity, experts like Adam Cochran suggest that this recognition could extend to tokens of other projects as well. Cochran believes that “today a lot of things probably clearly became commodities, even if they don’t know it yet.” Additionally, experts anticipate that the SEC may focus on actors involved with staking Ether, potentially distinguishing between Ether itself and staked Ether in their regulatory approach.
Adam Cochran: “ETH is a commodity, even with its current attributes. That means we can extrapolate to *A LOT* of other projects what elements matter in security.”
