SEC Affirms that ETH is a Commodity, Not a Security

Bittime - The SEC classified Ethereum (ETH) as a commodity, not a security, in a landmark decision that could impact the crypto market. 

This classification could pave the way for new investment products such as ETH spot ETFs, influencing the regulation and supervision of crypto assets in the US. Discover the implications of this decision and its impact on the crypto market.

SEC Affirms that ETH is a Commodity, Not a Security

In a significant development in the world of crypto regulation, the United States Securities and Exchange Commission (SEC) has delivered an opinion that has the potential to change the dynamics of the crypto market. According to the latest news from Deep Trend TechFlow, the SEC has firmly classified Ethereum (ETH) as a commodity, not a security.

For a long time, there has been a debate about whether crypto assets, especially Ethereum, should be classified as commodities or securities. In the latest analysis report from Foley & Lardner LLP, The ETF Store president Nate Geraci cited that the approval order for an ETH spot ETF issued by the SEC shows that the regulatory agency views Ethereum as a commodity.

What Are the Implications of ETH Classification?

Here are some of the key consequences of this decision, which are not only important for investors but also have a broad impact on how crypto asset regulation and trading in the United States is conducted:

Regulation and Supervision

Unlike securities, Ethereum will be subject to regulation more in line with commodities, perhaps overseen by the Commodity Futures Trading Commission (CFTC) rather than the SEC.

Impact on the Crypto Market

The classification of ETH as a commodity could pave the way for more Ethereum-related investment products, such as spot ETFs, which could attract more institutional and retail investors to the crypto market. This could expand adoption and increase ETH market liquidity.

Changes in Crypto Asset Status

The consent order indicates that as the market develops and matures, crypto assets, including Ethereum, may start out as securities and then develop into commodities. It provides new guidelines for developers and investors to plan business plans.

Conclusion

The SEC's decision to categorize Ethereum as a commodity is an important step in the development of crypto regulation. This decision provides much-needed clarification in an industry that often experiences regulatory uncertainty. This is a positive signal for investors and market players as it shows that authorities are starting to recognize the potential and role of crypto in the global economy. All parties must continue to monitor regulatory changes and market adaptation in line with these developments. The future of investing and trading in this industry becomes even more exciting and full of potential when there is clearer guidance on the status of Ethereum and other crypto assets.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.