The U.S. Securities and Exchange Commission (SEC) recently approved an Ethereum (ETH) spot exchange-traded fund (ETF), a decision that has attracted widespread attention in the cryptocurrency field. Experts generally believe that this decision means that the SEC "tacitly" or "implicitly acknowledges" that Ethereum is not a security. This view is supported by Bloomberg ETF analyst James Seyffart and digital asset lawyer Justin Browder and others. Seyffart emphasized that the approval of these commodity-based trust assets indicates that the SEC will not regulate Ethereum as a security. Browder pointed out that if the Ethereum ETF is approved by S-1, it will officially end the debate on whether ETH is a security.

In addition, Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, believes that this view can be extended to tokens of other projects, meaning that many tokens may have become commodities even if they themselves have not yet realized it. However, some experts pointed out that although the SEC does not regard ETH as a security, pledged ETH may be defined as a security and may be pursued by the SEC. Digital asset lawyer Joe Carlasare supports this view, believing that the SEC may continue to pursue individuals and pledge services after the launch of the ETF.

It is worth noting that financial lawyer Scott Johnsson pointed out that the SEC did not explicitly confirm the non-security status of Ethereum in its approval order, but "completely avoided" the issue. Therefore, although the market generally interprets ETH as a commodity rather than a security, the official clear statement still needs to be further released by the SEC$ETH #ETH🔥🔥🔥🔥