Security

Coin

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 <li><strong>Adam Cochran has argued that the SEC cannot argue that ETH is a security that is unregistered, and approve an ETH Futures ETF simultaneously.</strong></li> 
 <li><strong>The SEC, according to him, must accept the state that ETH is a commodity or a currency to approve an ETH Futures ETF. </strong></li> 
 <li><strong>Attorney John Deaton asserts that if the SEC approves an ETH Futures ETF, it would also be favorable to any potential XRP appeal.</strong></li> 
</ul> 
<p>Adam Cochran, a partner at Cinneamhain Ventures, has stated in a recent Twitter post that the SEC cannot simultaneously argue that ETH is a new intrinsic “crypto asset security” that is unregistered, and approve an ETH Futures ETF.</p> 
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   <p lang="en" dir="ltr">Whether people want to admit or not, Adam is <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4af.png" alt="💯" class="wp-smiley" style="height: 1em; max-height: 1em;"> correct here. And if the SEC approves an ETH Futures ETF, I agree it is favorable to any potential appeal involving XRP. <a href="https://t.co/3GCbHl99tc" target="_blank" rel="noopener noreferrer nofollow">https://t.co/3GCbHl99tc</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1692330598222737599?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 18, 2023</a> 
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<p>“You couldn’t have a futures ETF made out of an unregistered security,” argued the crypto analyst. The SEC, according to him, must accept the state that ETH is a commodity or a currency for this to be the case and revert to only attacking the transactional matter of it under Howey. Cochran added:</p> 
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 <p>So if…</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sec-cannot-call-eth-security-and-approve-eth-futures-etf-analyst/">SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst

Coin Edition

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