Coinbase CFO believes Ethereum is unlikely to be classified as a security

coinbase CFO Alecia Haas said, “Ethereum (Ethereum) are not securities and are unlikely to be labeled as such by regulators.

Haas shared his thoughts on the matter in an interview with Fortune magazine, pointing to the fact that both the SEC and CFTC have said the same thing in the past.

Coinbase’s CFO said the classification issue stems from a lack of regulatory clarity regarding cryptocurrencies in the United States. She added:

“The core issue here is that the United States does not yet have comprehensive crypto regulation at the federal level.”

She called for a “clear, fair and applicable regulatory framework,” saying regulatory clarity would protect consumers and Coinbase. On the latter point, he noted that clearer regulations would help Coinbase understand how to introduce compliant products in the US.

Classified SEC subpoena

Fortune reported March 20th The SEC is attempting to define ETH as a security. According to three anonymous sources, some U.S. companies have reportedly received subpoenas from the SEC identifying ETH as a security subject to the transition to proof-of-stake.

Sources say the SEC is behind an investigation recently launched by an individual into the Ethereum Foundation. unknown national power.

The companies and regulators have not confirmed the subpoena or the details of the investigation.

Ethereum’s status as a security, or commodity, is important because it could impact which products are offered in the United States.

The status of ETH is expected to impact whether Spot Ethereum ETFs are treated similarly to Spot Bitcoin ETFs. Additionally, U.S. lawmakers caused concern The ability of special purpose broker-dealers to handle ETH based on the Promethium case study.

Coinbase itself is facing Ongoing SEC litigation For some of the company’s products. Although the lawsuit mentions ETH in several areas, including in relation to staking, it does not explicitly claim that ETH is a security.

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