Law & Policy

1/2 For those who believe that the SEC will deny the ETH spot ETF in May, what is your best guess as to the SEC’s justification for the denial?

Personally, I don’t see a plausible justification. The SEC already approved ETH Futures ETFs, so I don’t see how they justify denying a spot ETF of the same product.

Crypto, F1, and Lawyering account for 90% of my waking hours

not an expert, but the SEC chair has conceded that BTC is not a security, but refuses to do the same regarding ETH

perhaps it’s related?

biotech software engineer // farcaster OG // fid 589

The SEC waived the “ETH is a security” argument when they approved the ETH futures ETF. 

Not saying they won’t try it, but they’ll get laughed out of court if that’s the basis for their denial