US banking giant JPMorgan (JPM) said that the Hinman documents shared with the public in the lawsuit between the SEC and Ripple could be a boost to Ethereum (ETH).
JPMorgan, US Securities and Exchange Commission (SEC) To Ripple (XRP) opened unregistered securities arising in the case Hinman documents Ethereum’s security identify as that it can avoid the risk will support suggested.
in documents “The fact that tokens in decentralized networks are not securities creates a regulatory vacuum.” expressions, especially It can play an important role in the fate of Ethereum. attention was drawn.
especially Nikolaos Panigirtzoglou JPM analysts on the subject, in the documents third One category that it is that you are accepted in this context Ethereum And like other cryptocurrencies to classify for securities than the regulations flexible commodity from the regulations more rigid have regulations third stated that a category could be created.
JPM made the following statements on the subject:
The more decentralized a cryptocurrency is, the less likely it is to be identified as a security.
Analysts at this point howey Ethereum as part of testing controlling a group that it is not while drawing attention to the fact that the documents in regulation studies Ethereum securities aspect not defined that it could be effective.
JPM also most about cryptocurrency securities Although it has been defined to Ethereum against yet failure to act also the reason Hinman documents He said it could be.
Former SEC Director by William Hinman in 2018 Ethereum containing SEC internal discussions about a speech he gave on Hinman documents, Recently was open to the public.
According to Coinecko data, the latest 30 days in 4.9% value loser ETH, end 24 hours in 0.4 drop living by writing $1,742 traded at the level.