The SEC maintains an uncertain stance on the classification of ETH, while the CFTC considers ETH to be a commodity

ChainCatcher news, according to CoinDesk, during a budget hearing on Thursday, when U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was directly asked whether ETH is a commodity, Gensler did not answer yes or no, but insisted on the agency's uncertain stance on the asset. In the same hearing, when asked if it is a commodity, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam answered, "Yes."

Previous news, SEC Chairman stated that he expects the S1 application for the Ethereum ETF to be approved sometime this summer.