Ethereum

Crypto Law Founder Urges SEC to Unveil Report on Ethereum Speech Amid Conflict of Interest Concerns

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WASHINGTON — In a recent online broadcast, John Deaton, founder of Crypto Law, issued a public appeal to the Securities and Exchange Commission (SEC) demanding the release of a long-awaited report concerning a 2018 speech by former SEC official, William Hinman. The speech, which effectively cleared Ethereum of stringent regulatory scrutiny, has sparked debates over possible conflicts of interest at the SEC. Deaton’s plea underscores a broader call for transparency within financial regulatory agencies amidst an evolving digital asset landscape. The concerns stem from a speech delivered by Hinman at the Yahoo Finance All Markets … Read more

Ethereum Likely Not a Security, Suggests SEC in Recent eToro Settlement, Says Coinbase Legal Chief

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Washington, D.C. – A settlement between the U.S. Securities and Exchange Commission (SEC) and trading platform eToro has led to significant discourse in the cryptocurrency industry regarding Ethereum’s legal status. Ethereum, widely regarded as the second most prominent cryptocurrency after Bitcoin, has lingered in an uncertain regulatory space, prompting discussions about its classification as a commodity or a security. Paul Grewal, Chief Legal Officer at Coinbase, the largest cryptocurrency exchange in the United States, stated that the SEC has indirectly acknowledged Ethereum as a non-security through this settlement. The agreement requires eToro to cease offering … Read more