Experts Stated Approval of Ether ETF Shows ETH is a Non-security
Spot Ethereum Exchange Traded Funds (ETFs), which has presently been approved by the Securities and Exchange Commission (SEC); indicates significantly the position of Ether as a non security, says cryptocurrency experts.
James Seyffart, who is a crypto analyst has stressed that since the United States SEC has approved these trust shares that are commodity-based, it strongly indicates that the Securites and Exchange Commission (SEC), clearly confirms Ether as a non security.
James emphasized that this acknowledgment by the SEC, could be later experienced in other crypto tokens, as a result cementing their position as commodities.
Browder Justin, who is a digital asset lawyer recognized the statements of James Seyfartt, and he mentioned that should Ether ETFs collect the S-1 approval, which is the last approval for Ether ETFs to start trading; that would be a clear confirmation that ETH is a non-security.