Coinbase CLO hopes the SEC does not fabricate reasons questioning the regulatory status of Ethereum as a non-security in order to deny the multiple ETH spot ETF applications.
Coinbase’s chief legal officer (CLO) Paul Grewal has become the latest crypto stakeholder to comment on recent reports suggesting that the U.S. SEC is attempting to categorize Ethereum (ETH) as a security.
Will SEC Approve Ethereum ETF As it Moves to Classify ETH as a Security?
For the uninitiated, the crypto industry received a report from Fortune yesterday stating that the SEC is pursuing a legal campaign that could classify ETH as a security.
According to Fortune, the SEC ordered several U.S. crypto-related businesses to provide vital documents and financial records about the Ethereum Foundation that could help with its ongoing investigation.
Although the SEC has yet to confirm or deny the report, crypto enthusiasts see the news as a stumbling…
