Post
Topic
Board Altcoin Discussion
Re: Is ETH a commodity now?
by
Psalms23
on 23/06/2024, 09:45:00 UTC
According to the recent SEC filing you all know, ETH is now a commodity - highlight: according to the SEC

Is there still a chance that some other force (e.g. congress) will overthrow SEC's right to make this decision?


(Source: SEC mentions ETF funds as Commodity-Based Trust Shares: https://www.sec.gov/files/tm/lk87adfs99.pdf )


Well, while the SEC has classified ETH as a commodity, other forces, such as Congress, do have the power to influence or change this decision.

Congress could pass new laws or regulations that redefine the classification of cryptocurrencies, including Ethereum. Additionally, other regulatory bodies or legal challenges could also impact how ETH is classified in the future. So, while the SEC's stance is influential, it's not the final word on the matter, you what what I mean.