NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

SEC Might Be Backing Down on Ethereum: Bloomberg Analyst

Published 12/19/2023, 04:24 PM
Updated 12/19/2023, 04:45 PM
© Reuters SEC Might Be Backing Down on Ethereum: Bloomberg Analyst
ETH/USD
-
ETH/USD
-

  • Crypto journalist Laura Shin’s Unchained Podcast featured Bloomberg analyst James Seyffart.
  • Seyffart discussed a potential shift in the SEC’s stance towards Ethereum.
  • Seyffart highlighted the SEC’s recent approval of Ethereum futures exchange-traded funds.

In a recent episode of crypto journalist Laura Shin’s Unchained Podcast, Bloomberg analyst James Seyffart discussed a noteworthy development suggesting a potential shift in the U.S. Securities and Exchange Commission’s (SEC) stance towards Ethereum.

Seyffart shared his perspective on the matter, pointing to the SEC’s recent approval of Ethereum futures exchange-traded funds (ETFs). This move, according to Seyffart, signals a subtle acknowledgment by the SEC that Ethereum might be considered a commodity rather than a security.

Expressing his view, Seyffart emphasized that the SEC has implicit…

The post SEC Might Be Backing Down on Ethereum: Bloomberg Analyst appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.