In a recent statement, SEC Chairman Paul Atkins confirmed that Ethereum is not a security. This statement may influence future investment decisions in the cryptocurrency sector.
Statement by Paul Atkins
Atkins noted that, like Bitcoin, Ethereum is not officially classified as a security by the SEC. He emphasized, "The SEC has unofficially stated that Ethereum is not a security. This is a similar approach to the assessment made for Bitcoin."
Impact on the Cryptocurrency Market
In his statement, Atkins added that investment decisions depend on companies' own strategies, stating that "The market's adoption of such digital assets is encouraging. This will pave the way for further development and innovation in the sector."
Regulatory Context in the US
Atkins's statements come at a time when the regulatory landscape for cryptocurrencies in the US has become extremely positive. Notably, Donald Trump owns both his own memecoin and a token from his family's cryptocurrency project, indicating his active involvement in the crypto market.
Thus, the SEC chairman's statement could significantly impact the development of the cryptocurrency market and define companies' future strategies in this area.
