Consensys Senior Legal Counsel: US SEC may classify ETH according to investor protection law
Bill Hughes, Consensys' Senior Legal Counsel and Global Regulatory Affairs Director, stated in an interview that the U.S. Securities and Exchange Commission (SEC) is likely to classify ETH under investor protection laws. In October 2023, the SEC allowed Ethereum-based futures ETFs to be traded on securities trading platforms. This means that the assets on which the futures contracts are based are not securities. Some things have happened since then that seem to have caused the SEC to change its position.
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
Discover Qubetics Ahead of the Upcoming Presale with AI-Driven Smart Contracts and User-Friendly QubeQode IDE
Toncoin (TON) Traders Eye Bearish Shift: 2 Signs of a Price Drop to Watch Out For
VeChain’s Path to $2: Analyst Suggests October Might Be the Breakout Month for VET
BlackRock Recommends 84.9% Bitcoin in Portfolios for Higher Potential Growth