Ethereum Comment from the Former Chairman of the SEC: “Inevitable”

Jay Clayton, former chairman of the US Securities and Exchange Commission (SEC), evaluated spot Ethereum ETFs.

The former chairman of the SEC said that the decisions made so far for spot Ethereum ETFs are in their favor and that their entry into the market is "inevitable".

Clayton said it's a two-step process, saying, "First there's the listing approval, which is what happened yesterday, and then the product itself is approved, which still remains."

“I think that means this is inevitable,” Clayton said. We went through the same process with the Bitcoin product and all or most of the question marks were eliminated. Technically speaking, the question mark that was cleared yesterday was whether the market was strong enough for these products to be listed on the exchange. "This has been decided, but there are still other question marks," he said.

Although the SEC announced that Bitcoin is a commodity, it did not make a clear decision on whether Ethereum is a security or a commodity.