๐Ÿ“ข SEC Chair: Ethereum is Not a Security, Praises Its Role in Crypto Ecosystem

โšก SEC Chairman Paul Atkins stated on CNBC that #Ethereum is not considered a security, reinforcing confidence in its regulatory status. While the agency hasnโ€™t issued a formal ruling, Atkins emphasized ETH's importance in powering broader digital asset innovation:

๐Ÿ—ฃ๏ธ โ€œItโ€™s encouraging to see the market embracing $ETH โ€” it signals a strong future for development.โ€

๐Ÿ”ธ Corporate treasuries shifting to ETH:

Firms like Bit Digital and SharpLink Gaming are replacing $BTC with ETH in their reserves. SharpLink now holds 280,706 ETH (worth $867M), making it the largest known corporate holder โ€” even surpassing the Ethereum Foundation. Nearly all their #ETH is staked, earning yield.

๐Ÿ”ธ Stablecoins & market infrastructure:

Atkins highlighted federal focus on stablecoins as a positive step, enabling on-chain settlement and lowering risk and costs in traditional finance.

๐Ÿ”ธ Crypto in retirement plans:

He also advocated for digital asset exposure in 401(k)s, calling for SECโ€“DoL cooperation on rules for valuation, fees, and liquidity โ€” to help fiduciaries safely offer crypto to long-term investors.