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<ul><li>The SEC is considering classifying Ether as a security, potentially impacting BlackRock&#39;s spot Ether ETF approval.</li><li>Scott Johnsson highlights the SEC&#39;s move to question Ether&#39;s classification in BlackRock&#39;s ETF filing.</li><li>Analyst Balchunas believes the SEC might consider Ethereum as security to justify denial.</li></ul>The SEC is contemplating whether Ethereum should be classified as a security. This evaluation arises from BlackRock&#39;s filing related to its spot Ether ETF. Analyst Scott Johnsson<a href="https://x.com/SGJohnsson/status/1790219759142744195" rel="noopener noreferrer nofollow"> reviewed</a> BlackRock’s March 4 submission, revealing the SEC’s intention to delay the decision until June. The filing calls for public feedback on whether the ETF should be treated as a commodity.Scott Johnsson noted that the SEC&#39;s question regarding Ethereum’s classification was unprecedented. Such scrutiny had not been applied to Bitcoin ETFs. He highlighted that this could lead to the denial of the spot<a href="https://cryptotale.org/?s&#61;&#43;Ether&#43;ETF" rel="noopener noreferrer nofollow"> Ether ETF</a> if Ethereum is deemed a security.The SEC, under 15 U.S.C. 78s(b)(2)(B), must provide grounds for potential disapproval. This inquiry indicates that Ethereum’s classification is central to the SEC’s decision-making process.<a href="https://cryptotale.org/sec-considers-classifying-ethereum-as-a-security-amid-blackrocks-etf-delay/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SEC Considers Classifying Ethereum as a Security Amid BlackRock's ETF Delay

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