jakiro
Author: Brayden Lindrea, Cointelegraph; Compilation: White Water, Bit Chain Vision Realm
Industry experts said,The approved spot Ethereum (ETH) Exchange Trading Fund is the US Securities and Exchange Commission “implicit recognition” Ethereum is not a securities.
Some people even suggest that this can be extended to other tokens.
Bloomberg ETF analyst James SEYFFART pointed out with Ryan Sean Adams on the BANKLESS podcast:“These are the trust assets based on commodities, so the SEC has approved these assets, which clearly states that they will not use Ethereum as a securities.”
Digital asset lawyer Justin Browder believes thatIf Ethereum ETF gets S-1 approval (this is the last step they need to start the exchange), then “debate is over: Ethereum is not securities.”
Source: Tuongvy Le
Adam Cochran, a partner of venture capital company Cinneamhain Ventures, further believes that this idea can be extended to the tokens of other projects.
“ETH is a kind of product, even if it has its current attributes. This means that we can infer which elements of” many “other items are important for security. Today, many things may have become a commodity, even if they still don’t know that they don’t know”” “
Source: Paul Grewal
However, Seyffart and others believe that SEC can continue to track the participants participating in ETH pledge:
“[I think they will] try to wear a needle and say that ETH itself, they will not call it securities, but the pledged ETH may be a securities […], I don’t believe they will do so soon.”
Digital asset lawyer Joe Carlasare agrees with Seyffart’s point of view.
“Even if ETF is launched, the US Securities and Exchange Commission can trace individual participants and pledge as a service.I think the possibility of other actions is less likely, “Carlasare pointed out.
In April of this year, Ethereum Infrastructure Corporation Cinsensys received SEC’s Wells notification that the notice mainly focused on Metamask’s transactions and pledge services.
Source: James Murphy
Financial lawyer Scott Johnson also pointed out that the US Securities and Exchange Commission did not confirm the non -security status of Ethereum in its approval order, saying that it “completely avoided” this problem.
However, the US Securities and Exchange Commission and some members are expected to issue a formal statement at an appropriate time.
On May 23, the SEC officially approved the 19B-4 applications of VANECK, BlackRock, Fidelity, Grayelity, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise, and distributed spot in the Ethereum ETF.Many ETF issuers have clearly canceled their pledge in the final amendment.
Source: TIM KHOURY
HashDex is the only ETF issuer who has not been approved by the regulatory authority on the same day.
However, eight approved ETF issuers need to wait until the SEC signs its S-1 registration statement before they can be launched.
