Criticism of Ethereum (ETH) from Bloomberg Analyst to SEC!

SEC cryptocurrency As it continues to increase its pressure on the sector, the SEC’s latest target is the leading crypto exchange kraken happened.

Commenting on the case Bloomberg Intelligence analyst James Seyfartt said the Kraken case is similar to the Coinbase case.

SEC, Solana (SOL), Cardano (ADA), Algorand (ALGO) and 13 other major altcoin While defending that they are securities, Seyfartt stated that these altcoins are still under investigation within the scope of previous cases filed by the SEC.

At this point, Seyffart, who criticized the SEC for its actions, said that the SEC had not yet Ethereum (ETH) He pointed out that he did not take any stance on the issue.

“This lawsuit against Kraken seems to me to be the same as the Coinbase case. But in this case, Kraken was accused of mixing customer assets with company assets, among other allegations.

Specifically, cryptocurrencies, which the SEC claims are securities, were included here. This list includes 16 cryptocurrencies explicitly listed here, including Solana, Cardano, and Algorand.

However, I would like to point out that Ethereum is not on that list. “I think the SEC is doing this on purpose, this move by the SEC is a conscious decision to leave ETH closed.”

James Seyffart SEC ETH Stating that he did not have a clear stance on the issue, he said that the SEC did not do what it did with Bitcoin, did not list ETH as a commodity, nor did it list it as a security.

At this point, Seyffart criticizes the SEC and states that the SEC actually accepts ETH as a commodity, and therefore does not direct any accusations against ETH in the lawsuits it files.

And just to ruffle some feathers again. I will point out that #Ethereum isn’t on that list 👀. Leaving ETH off is a conscious decision. https://t.co/lrJRoHNAv0

— James Seyffart (@JSeyff) November 20, 2023

*This is not investment advice.