Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
CEX responds to the U.S. SEC about Grayscale's Ethereum spot ETF: Emphasizing that ETH is not a security, it possesses strong governance features

CEX responds to the U.S. SEC about Grayscale's Ethereum spot ETF: Emphasizing that ETH is not a security, it possesses strong governance features

2024/02/22 01:07
Chief Legal Officer Paul Grewal stated on X that Coinbase has responded to the U.S. SEC's request for comments on Grayscale Ethereum Trust (ETHE) converting to a spot ETF. Grewal said, ETH is not a security. In fact, before and after the merger, neither the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), nor the market considered ETH as a security but rather as a commodity. Secondly, Ethereum's "Proof of Stake" has obvious strong governance capabilities, showing robust characteristics in terms of ownership concentration, consensus, liquidity and governance which reduces risks of fraud and manipulation.
 
Furthermore, economics shows that in meeting the committee's ETP approval standards, ETH is as resilient as BTC.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!