Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), said Ethereum (ETH) is not security.
In a statement, Atkins said, like Bitcoin, Ethereum is not officially classified as security by the SEC.
“The SEC has unofficially stated that Ethereum is not security. This is a similar approach to valuing Bitcoin,” Atkins said.
In a statement, Atkins added that investment decisions rely on the company's own strategies and that “the adoption of such a digital asset market is encouraging. This paves the way for further development and innovation in the sector.”
Atkins' statement comes when the regulatory landscape of US cryptocurrency has become very positive. As is well known, Trump owns both his own memo coins, tokens from his family's cryptocurrency projects, World Liberty Financial, and Stubcoin. So it's safe to say that Trump has entered the cryptocurrency market from all angles.
*This is not investment advice.
