Commodity Nod for Ethereum in ETF Saga Won’t Halt SEC’s War on Crypto

of spot Ether ETFs on May 23 may be a signal that the regulator now views the asset as a commodity and not a security.

However, not all are convinced this is also a signal that its war on crypto could be coming to an end any time soon. On May 24, Ethereum software solutions provider ConsenSys said it welcomes the decision as a step in the right direction but added: The company noted that the SEC’s “regulatory abuse” is “unfair to market participants, antithetical to the rule of law, and handcuffing innovation.”While Consensys welcomes today’s decision to approve ETH Spot ETFs as a step in the right direction, this seemingly last minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets. No other industry, market, or…with the SEC, which maintains its position that they have been offering unregistered securities.

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