Coinbase Legal Officer's Defense of Ethereum Classification as Commodity
Coinbase Legal Officer Explains Why Ethereum Is Not a Security
Paul Grewal of Coinbase argues against the SEC's reevaluation of Ethereum as a security, citing past regulatory consensus and the importance of clarity for American investors' interests in the evolving cryptocurrency landscape.
Ethereum Is Not a Security
Amidst the SEC's scrutiny of Ethereum, Grewal emphasizes its recognition as a commodity and criticizes the agency's attempt to reevaluate its classification. He points out Ethereum's decentralization and its long-standing presence in the crypto market, arguing against the SEC's stricter stance on Ethereum-based financial products. Grewal's stance aligns with previous regulatory approvals and calls for consistency in crypto regulations to protect investors' interests.
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