🔥🔥🔥Etherium statement from Coinbase manager‼️
Paul Grewal, head of the legal department of Coinbase, the largest cryptocurrency exchange in the USA, commented on the decision of the US Securities and Exchange Commission (SEC) on Ethereum:
“Ethereum (ETH), as we have always known, is effectively considered a commodity,” he said.
The SEC approved 19b-4 filings to establish a spot Ethereum ETF. However, staking services for ETH will not be offered in these funds.
Analysts argue that this means that the SEC has classified Ethereum as a commodity.
