SEC Chair: Ethereum Is Not a Security
SEC Chair Paul Atkins: Ethereum Is Not A Security
Amid evolving regulatory discussions, SEC Chair Paul Atkins has stated that the Commission does not consider Ethereum to be a security. This announcement coincides with increased ETH buying by corporate entities, reversing losses seen earlier in 2025.
In a CNBC interview, Paul Atkins revealed that the SEC is “informally” categorizing Ethereum similarly to Bitcoin—as a commodity. He clarified that current securities laws would not apply, though the Commission has yet to adopt a formal position.
“Similar to Bitcoin, the SEC has stated informally more than formally that ether is not a security,” said Atkins.
Since the beginning of the Trump administration, the SEC has been working to clarify regulations around cryptocurrencies. Earlier this year, the SEC’s Crypto Task Force held meetings with industry leaders to better classify digital currencies.
Under the previous leadership of Gary Gensler, Ethereum's status was uncertain, leading to multiple agency probes. While Gensler did not provide clear guidance, the current SEC seems inclined to treat ETH as a commodity, aligning with the CFTC's view.
Despite this general consensus, ambiguity remains around ETH staking. The SEC has postponed decisions on Ethereum ETF applications involving staking, even as BlackRock files to include staking in its ETH ETF application.
Institutional Adoption of Ethereum Acknowledged
Chair Atkins highlighted the “encouraging” trend of corporate entities integrating ETH and other cryptocurrencies. He noted that increasing institutional interest suggests a positive outlook for future development and innovation in the crypto space.
Companies like BTCS, SharpLink Gaming, and Gamesquare are actively adding ETH to their balance sheets. Additionally, Ether Machine is set to launch with $1.6 billion in ETH capital.
Ethereum ETFs are experiencing significant inflows, aiming to match the success of Bitcoin ETFs. This activity has driven Ethereum's price to $3,782, marking a 24% increase over the past week.
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