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Quote from: zasad@ on Today at 10:47:09 AM

The approval of spot Ether exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission (SEC) that Ether is not a security, according to industry pundits.

I am still not fully aware of the seriousness of this classification. So, if Ethereum is classified as a security, it will not be possible to trade it within ETF investment funds?

I am not an expert in this field, but it seems to me that in both cases, Ethereum will benefit. Once it is accepted to treat Ethereum as an investment or financial product, it is a clear recognition of it. Then, after the US House of Representatives announced its approval of the draft cryptocurrency law after heading to the Senate, this legislation also means interference in the powers of the US Securities and Exchange Commission (SEC), especially in the classification process in which the body did not take into account the interest of the emerging market.

Ethereum prices have rebounded on all platforms and are expected to rise further as the next presidential elections approach, especially since both parties have begun to support the trend towards achieving a clear regulatory framework for cryptocurrencies and integrating them as a productive market.

1 Alternate cryptocurrencies / Announcements (Altcoins) / Re: Memereum - Revolutionizing Crypto with Insurance on Blockchain on: Today at 05:35:39 PM
Started by BogdanoffsMum24 - Last post by IfunanyaRi32872
If the team behind this project keep up with their words Memereum go very far in the near future @MemereumBSC

2 Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: Today at 04:55:08 PM
Started by Vitalik Buterin - Last post by Kavelj22
Quote from: zasad@ on Today at 10:47:09 AM The approval of spot Ether exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission (SEC) that Ether is not a security, according to industry pundits. I am still not fully aware of the seriousness of this classification. So, if Ethereum is classified as a security, it will not be possible to trade it within ETF investment funds? I am not an expert in this field, but it seems to me that in both cases, Ethereum will benefit. Once it is accepted to treat Ethereum as an investment or financial product, it is a clear recognition of it. Then, after the US House of Representatives announced its approval of the draft cryptocurrency law after heading to the Senate, this legislation also means interference in the powers of the US Securities and Exchange Commission (SEC), especially in the classification process in which the body did not take into account the interest of the emerging market. Ethereum prices have rebounded on all platforms and are expected to rise further as the next presidential elections approach, especially since both parties have begun to support the trend towards achieving a clear regulatory framework for cryptocurrencies and integrating them as a productive market.