Recent reports from CoinDesk and Fortune revealed that the U.S. Securities and Exchange Commission (SEC) may classify Ethereum (ETH) as a security, news that shook the entire cryptocurrency industry . As the SEC files lawsuits against cryptocurrency trading platforms such as Coinbase, Kraken and Binance, a potential decision to treat Ethereum as a security will undoubtedly have a huge impact on the entire cryptocurrency industry and may even undermine plans to launch a spot ETH ETF.
Ethereum’s securities battle
According to Fortune, the SEC has subpoenaed several A US company has requested documents related to the Ethereum Foundation. The investigation appears to have been launched shortly after Ethereum underwent a proof-of-stake upgrade. SEC Chairman Gary Gensler has said that proof-of-stake chains pay token rewards to users, which is similar to an investment contract and therefore can be classified as a security.
However, Ethereum has never been directly designated as a security in an SEC enforcement action. Legal professionals believe that if the SEC treats Ethereum as a security, then under the same logic, other tokens such as Cardano (ADA) and Solana (SOL) should also be considered securities. Not everyone thinks Ethereum is a security. The Commodity Futures Trading Commission (CFTC), in particular, has allowed ETH futures trading for years, implying that it is a commodity.
Professor Brian Frye of the University of Kentucky said that the best argument against classifying ETH as a security is that ETH is more like BTC than other tokens. The SEC has stated multiple times that it considers BTC to be a commodity and not a security.
ETH’s uncertain future
If the SEC finalizes If Ethereum is a security, the consequences would be catastrophic for U.S. businesses and investors who already interact with or rely on Ethereum. For example, major exchanges that trade millions of dollars in ETH futures every day (such as CME Group and Cboe Global Exchange) will be directly affected.
At this moment, the future of ETH seems to be hanging in the balance. If ETH is classified as a security, it will not only bring challenges to the Ethereum community, but also have an impact on the future direction of the entire cryptocurrency industry. The cryptocurrency industry needs to be prepared to face this possibility while exploring new strategies and solutions to address upcoming regulatory changes.
3EX AI trading platform: comprehensive protection, making transactions more secure
For the 3EX AI trading platform, the most important thing is how to find opportunities in changes, lead the development of the industry with professionalism and wisdom, and provide users with a stable, safe, and efficient trading experience no matter how the environment changes.
On the 3EX AI trading platform, users can create trading strategies, simulate profits and losses, and automatically execute trading instructions through natural language conversations with the 3EX AI trading robot. Waiting for one-stop AI trading service. The AI trading and ordering function of the 3EX platform allows users to participate in the market with extremely high flexibility and efficiency. Users can choose the AI trading strategy to follow according to their own needs, and it is intelligently executed by AI. There is no need to keep an eye on market dynamics 24 hours a day, which greatly frees up users' time and energy.
When the entire market fluctuates, 3EX provides an innovative safeguard measure called AI trading follow-up liquidation insurance, which will undoubtedly benefit the majority of cryptocurrency investors. It brought a little peace of mind. In response to possible large fluctuations in the market, 3EX's liquidation insurance function provides users with additional protection. When users participate in AI copy trading and experience liquidation for the first time, they can receive liquidation insurance compensation ranging from US$10 to US$50. This measure effectively reduces the user's risks caused by market uncertainty.
In the world of digital currency, change is an eternal theme. Facing the unknown future, 3EX will continue to uphold the spirit of innovation, explore more ways to ensure the security of user assets, and lead cryptocurrency trading into a new era of smarter and safer transactions.
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