Paul Atkins, Chairman of the US Securities and Exchange Commission (SEC), has stated that Ethereum (ETH) is not a security.
Atkins stated in his statement that, just like Bitcoin, Ethereum is not officially classified as a security by the SEC.
“The SEC has unofficially stated that Ethereum is not a security. This is a similar approach to the assessment made for Bitcoin,” Atkins said, noting that the Ethereum blockchain is a fundamental building block for many digital assets.
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In his statement, Atkins stated that investment decisions depend on companies’ own strategies, adding, “The market’s adoption of such digital assets is encouraging. This will pave the way for further development and innovation in the sector.”
Atkins’s statements come at a time when the regulatory landscape for cryptocurrencies in the US has become extremely positive. As is well known, Trump owns both his own memecoin, a token from his family’s cryptocurrency project, World Liberty Financial, and a stablecoin. So, it’s safe to say that Trump has entered the cryptocurrency market from every angle.
*This is not investment advice.
Continue Reading: The Beginning of a New Era: SEC Chair Puts an End to a Decade-Long Debate on Ethereum (ETH)
