Paul Atkins: ETH Is Not a Security, Digital Assets Are Being Embraced by the Market
Based on reports, the SEC’s Crypto Task Force has held multiple roundtable talks this year. Industry leaders joined to discuss which federal laws apply to crypto.
The Commodity Futures Trading Commission has long said Ether and Bitcoin are commodities. Yet uncertainty lingers around whether staking rewards count as income or tokens.
Major companies are stacking up Ether on their balance sheets. BTCS, SharpLink Gaming and Gamesquare lead the pack. They’ve added millions of dollars’ worth of ETH in recent weeks.
ETF Flows Break Records And Prices Follow
ETH‑focused funds have smashed their daily inflow records. Based on ETF data, new money into ethereum products hit an all‑time high this month.
Applications for Ethereum staking ETFs remain on hold. BlackRock filed its proposal months ago, but the SEC has delayed any green light.
Some companies worry that staking payouts could be deemed securities or income under tax laws. CFTC head Rostin Behnam continues to back the view of Ether as a commodity. But without clear SEC guidance, players in DeFi and staking pools face unanswered questions.
Featured image from GBX, chart from TradingView
