Opinion: The approval of Ethereum ETF is a watershed moment in the long-term debate about ETH's status
Media reports, Coinbase Chief Legal Officer Paul Grewal said in an interview on Friday that he indeed believes the approval of Ethereum ETF is a watershed moment in the long-term debate about ETH's status. For a long time, the SEC has been concealing its stance on whether ETH is a security, non-security, commodity or something else. Grewal claims that because issuers use Form S-1, a certain proportion of assets in the fund can be securities. By designating S-1 as the preferred registration method, it means these funds by definition do not include more than 40% of assets as securities in their portfolio according to the U.S Securities and Exchange Commission. Grewal added that apart from Eth not being a security, there are no other conclusions to prove this point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

US Treasury Secretary Optimistic About Supreme Court Tariff Case
The US Dollar Index edged down to 100.204, with significant fluctuations in major currency exchange rates.