ETH Clearly a Commodity According to Ethereum Co-Founder Joseph Lubin

CryptoPotato
CryptoPotato

29 Jun 2023 11:46 AM

Lubin stated it "just doesn't matter" that some regulators have not recognized ETH as a commodity yet....

  • Joseph Lubin, co-founder of Ethereum, believes that Ether (ETH) should be classified as a commodity and not a security.
  • Some regulators in the USA, including the SEC, have been uncertain about the status of ETH.
  • Lubin stated that multiple watchdogs, including the SEC and CFTC, have recognized ETH as a commodity.
  • Lubin believes that it doesn't matter if some regulators have not recognized ETH as a commodity.
  • The positions of the CFTC and SEC on the classification of cryptocurrencies have been controversial.
  • The Chairman of the SEC, Gary Gensler, has been indecisive on whether ETH is a security or a commodity.
  • The SEC has recently filed lawsuits against Binance and Coinbase for offering trading services with unregistered securities, but ETH was not included in the list.

The sentiment of the article is generally positive towards Joseph Lubin's belief that ETH should be classified as a commodity.

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You May Ask

What is Joseph Lubin's stance on the classification of Ether (ETH)?Which regulators have recognized ETH as a commodity?What has been the controversy surrounding the positions of the CFTC and SEC on cryptocurrency classification?How has the Chairman of the SEC, Gary Gensler, been indecisive on the matter?Why did the SEC not include ETH in the list of unregistered securities in their recent lawsuits against Binance and Coinbase?

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