Crypto regulation: Focus shifts to Ethereum's security status
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The focus on Ethereum's regulatory status comes amid plans by Prometheum Inc. to offer custody services for Ethereum on its platform.The chairman emphasized the significance of the SEC's decision regarding Prometheum's assertion that Ethereum should be classified as a security.
Behnam emphasized the working relationship “with Gary Gensler and the agency to ensure that whatever steps are taken are deliberate and they understand what the consequences would be if there was a decision by the agency to determine that Ether was a security.” Behnam went on to emphasize the importance of safeguarding the integrity of the markets at present.
The recent testimony by Rostin Behnam highlights the complex regulatory laws surrounding cryptocurrencies like Ethereum. Meanwhile, analysts have acknowledged Ethereum’s performance lately and isGodfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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