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SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst

Published 19/08/2023, 00:44
©  Reuters SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst

  • Adam Cochran has argued that the SEC cannot argue that ETH is a security that is unregistered, and approve an ETH Futures ETF simultaneously.
  • The SEC, according to him, must accept the state that ETH is a commodity or a currency to approve an ETH Futures ETF.
  • Attorney John Deaton asserts that if the SEC approves an ETH Futures ETF, it would also be favorable to any potential XRP appeal.

Adam Cochran, a partner at Cinneamhain Ventures, has stated in a recent Twitter post that the SEC cannot simultaneously argue that ETH is a new intrinsic “crypto asset security” that is unregistered, and approve an ETH Futures ETF.

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