Analysis: The SEC's approval of an Ethereum ETF may imply the recognition that Ethereum and other similar tokens are not securities

ChainCatcher news, according to Cointelegraph, the approval of a spot Ethereum ETF by the U.S. Securities and Exchange Commission (SEC) may imply an acknowledgment of Ethereum and other similar tokens as non-securities.

Bloomberg ETF analyst James Seyffart emphasized in the Bankless podcast that the approval of these commodity-based trust stocks means the SEC will not regulate Ethereum as a security. Digital asset lawyer Justin Browder further pointed out that if the Ethereum ETF receives S-1 approval, it will officially end the debate over whether ETH is a security. Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, believes this line of thinking can be extended to tokens of other projects.

Bloomberg analyst Seyffart noted that although the SEC does not view ETH as a security, staked ETH may be defined as a security and could be subject to SEC scrutiny. Digital asset lawyer Joe Carlasare also supports this view, suggesting that the SEC may continue to investigate individuals and staking services after the ETF launch.