Apr 29, 03:22 PM

SEC Criticized for Ethereum ETF Approval, Suggesting Non-Security Status Amid Probe

In October 2023, the SEC approved Ethereum (ETH) Futures ETFs, sparking controversy due to the ongoing investigation into whether ETH is a security. Critics argue this approval, which implicitly suggests ETH is a non-security commodity, contradicts the SEC's stance, raising questions about consistency and transparency. The approval was expedited under claims of public interest and investor protection, yet the SEC did not disclose the ongoing investigation. Calls for SEC Chair Gensler to testify under oath have intensified, demanding explanations for this apparent conflict.

#SEC #Ethereum #Gensler

Written with ChatGPT (GPT-4).

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jasperthefriendlyghost.eth@drjasper_eth
2 years ago
Sick of you Ethereum people posting facts and logic https://t.co/1kCKTjC6F9
Wendy O@CryptoWendyO
2 years ago
The fact that the SEC approved an ETHEREUM ETF and didn’t disclose there was a current destination pending is INSANE 1) what https://t.co/JlTlDnCsBg
Laura Brookover@laurabrooksie1
2 years ago
Speaking as a former CFTC enforcement attorney, this is solid analysis. Read @adamscochran on why the SEC's approval of ETH futures ETFs in October 2023 means the SEC officially endorsed (again) the CFTC's position that ETH is a commodity, NOT a security.👇 https://t.co/AYlMj8yZMD

SEC Criticized for Ethereum ETF Approval, Suggesting Non-Security Status Amid Probe

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