SEC Defines Ethereum Status: Not a Security, Confirms Coinbase Counsel

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Settlement with eToro
  2. Criticism from Coinbase
  3. Expert Warnings


    4. The U.S. Securities and Exchange Commission (SEC) has already recognized that Ethereum (ETH) is not a security, according to Paul Grewal, chief legal officer at Coinbase. This observation came after the SEC reached a settlement with trading platform eToro.

    Settlement with eToro

    The SEC reached a settlement with eToro, stipulating that the platform should stop offering all crypto tokens for trading apart from Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). This step is the strongest signal yet that the SEC might view Ethereum as a non-security.

    Criticism from Coinbase

    Coinbase's chief counsel criticized the SEC for not explaining the rationale behind classifying Bitcoin and Ethereum as non-securities, while other tokens are viewed as securities. "There is no plan, no framework, no logic, no due process, and certainly no respect for the law," he noted.

    Expert Warnings

    It is still unclear whether Ethereum is entirely free from legal jeopardy. Jake Chervinsky, chief legal officer at Variant, warned that settlements do not establish new legal precedents. "We may see more like eToro from the SEC and other agencies this month, all with orders pretending to establish new precedent. None do," he said in a social media post.

    While the settlement with eToro is a significant step, it does not mean a definitive resolution on the legal status of Ethereum. Experts caution that interpretations of such settlements need to be approached carefully.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.