eToro Settlement Fuels Speculation That SEC Has Clarified Ethereum Is Not a Security
A US Securities and Exchange Commission (SEC) settlement with eToro is fueling speculation that the regulator has clarified that Ethereum is not a security. The settlement, which required eToro to delist most tokens except Bitcoin, Bitcoin Cash, and Ethereum, is seen by some industry leaders as an implicit acknowledgment by the SEC that ETH is not a security. “They just conceded ETH is not offered as an investment contract security in secondary markets,” said Coinbase’s chief legal officer Paul Grewal in a Sept. 12 post on X. ” But @SECGov will not explain why ETH and BTC but no others–because they can’t.” They just conceded ETH is not offered as an investment contract security in secondary markets. But @SECGov will not explain why ETH and BTC but no others–because they can't. There is no plan, no framework, no logic, no due process, and certainly no respect for the law. pic.twitter.com/NNzaOtL6wR — paulgrewal.eth (@iamp...