Consensys: The approval of the Ethereum spot ETF indicates that the U.S. SEC considers Ethereum a commodity rather than a security

ChainCatcher news, Consensys stated on social media that while ConsenSys welcomes today's approval of the Ethereum spot ETF decision and believes it is a step in the right direction, this seemingly last-minute decision once again proves the SEC's tricky and arbitrary approach to digital assets. No other industry, market, or asset is subjected to such deliberate regulatory abuse. This is unfair to market participants, contrary to legal principles, and stifles innovation.

Today's approval indicates that the SEC considers Ethereum a commodity rather than a security—this contradicts the position it held until earlier this week, as described in our recent lawsuit against the SEC. We will continue to seek clear regulatory clarity in our case and are pleased to see bipartisan efforts in Congress seeking clear and reasonable regulation.