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The SEC Classified ETH As a Commodity, Ending Protracted Regulatory Unclarity Coin Edition 21 Jul 2024

The SEC Classified ETH As a Commodity, Ending Protracted Regulatory Unclarity 🇺🇸

The SEC’s decision to classify ETH as a commodity rather than a security has resolved long-standing regulatory uncertainties. The ruling highlights how crypto assets can transition over time, providing relief to crypto founders about their projects' future classifications. Nate Geraci, president of The ETF Store, emphasized the significance of this point in the SEC’s document.

Source: coinedition.com ↗

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