Bloomberg Intelligence research analyst, James Seyffart takes on SEC for suing Kraken on Tuesday. In a recent post, Seyffart said that the Kraken lawsuit looks similar to the Coinbase one. Touting cryptos like Solana, Cardano, Algorand, and other 13 major altcoins as security, the SEC alleged that these digital assets are still under scrutiny under the SEC’s prior enforcement actions.
James Seyffart Points Out on Unregistered Ethereum
Slamming SEC on their own game, Seyffart reveals that SEC has not taken any stance on Ethereum yet.
Neither listed it as a commodity, as SEC does with Bitcoin, nor as a security. He satirically said that the SEC has accepted ETH as a commodity and has never imposed any charges on it.
Taking a dig at the regulatory body, Seyffart draws attention to the irony of the SEC’s actions, emphasizing the lack of clarity in their approach to Ethereum.
Adding to the intrigue, Seyffart notes that financial giant BlackRock has filed for Spot Ethereum ETF, suggestin
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