Is Ethereum Among The SEC’s Goals? JP Morgan Evaluated!

SEC Lately cryptocurrencylast week while increasing the pressure on the Binance and Coinbase sued the stock exchanges for violating securities laws.

The SEC claimed that some tokens were securities in these cases. Among these tokens bitcoinbesides Ethereum was also not included.

Commenting on the SEC’s securities qualification JP Morgan US lawmakers will not classify Ethereum as a security and may put ETH in a new category alongside Bitcoin to protect investors, analysts said.

According to The Block, JPMorgan analysts led by Nikolaos Panigirtzoglou made the following statements in the report:

“The US congress may place Bitcoin and Ethereum in a new “other category” to avoid labeling them as securities.

BTC and ETH could be classified in the same commodity category or placed in a new “other category” with less burdensome regulations than securities.”

While this assessment by analysts comes after the release of the Hinman documents related to Ethereum in the SEC-Ripple lawsuit, analysts said that the Hinman documents may explain why the SEC avoided taking any action against ETH while targeting almost all major rival tokens this year.

“We think the release of the Hinman documents will benefit Ethereum. Because the documents state that ETH is not a security.

While these documents benefit ETH, they may not directly benefit Ripple.

However, if Ripple wins this case, this acquisition will have positive implications for other tokens in terms of current and future SEC sanctions.”

Former SEC official William Hinman in a 2018 speech ETH’When you say that it is not a security, SEC Chairman Gary Gensler does not make a clear statement about it.

That’s because Gensler refused to say whether ETH is a security in his testimony before the House Financial Services Committee last April.

However, Gensler said in an interview in February that everything but Bitcoin is a security.

*Not investment advice