Ethereum

Clash

<ul class="news-points">
 <li>The SEC approved nine spot ETH ETF applications last Tuesday.</li>
 <li>Following the approvals, the SEC confirmed ETH is not a security.</li>
 <li>Khaled Elawadi disagrees with the SEC’s ETH classification.</li>
</ul>
The U.S. SEC gave the green light to nine spot ETH ETF applications last Tuesday, leading most crypto users to believe that the regulator classifies ETH as a non-security token. The event sparked a debate between two prominent crypto personalities, Khaled Elawadi, a renowned crypto analyst, and David Schwartz, Ripple’s CTO.
Following the SEC’s spot ETH ETF approval, <a href="https://coinedition.com/eth-not-a-security-sec-implicitly-confirms-with-approval-of-spot-ether-etfs/" rel="noopener noreferrer nofollow">as shared by Coinbase founder</a> Brian Armstrong, Elawadi argued the regulator was wrong, stating that Ethereum became 100% security <a href="https://coinedition.com/ethereum-merge-is-now-live-networks-move-to-pos-from-pow-a-success/" rel="noopener noreferrer nofollow">after the Merge</a>. According to him, Ethereum is a staking program where investors lock up funds for a predetermined period, artificially creating profits through a high programmed burn rate, decreasing supply while creating a number-go-up ponzi scheme.
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 Another huge step forward for regulatory clarity: ETH is not a security! We’ve been saying it for years and today the SEC finally made it official. Coinbase is proud to be the trusted partner and custodian powering 8 of the 9 …
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The post <a href="https://coinedition.com/is-ethereum-a-security-crypto-experts-clash-after-sec-etf-approval/" rel="noopener noreferrer nofollow">Is Ethereum a Security? Crypto Experts Clash After SEC ETF Approval</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Is Ethereum a Security? Crypto Experts Clash After SEC ETF Approval

Coin Edition

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