Coinbase CLO Declares SEC Recognition of Ether as a Commodity
CryptoNewsTerminal Staff23 May, 2024
Coinbase CLO Declares SEC Recognition of Ether as a Commodity
Coinbase's Chief Legal Officer (CLO) Paul Grewal stated that "The SEC has essentially treated ether as a commodity," as reported by WatcherGuru. On Thursday, the U.S. Securities and Exchange Commission (SEC) approved eight ether spot exchange-traded funds (ETFs) from issuers like BlackRock, Fidelity, and Grayscale. These approvals, known as 19b-4 filings or exemptive relief applications, mark a significant development in the regulatory landscape for cryptocurrencies.
