Van Buren Capital Partner: US SEC will abandon the argument that ETH is a security

Van Buren Capital partner and well-known US financial lawyer Scott Johnsson wrote on X platform that Fidelity's application for an Ethereum spot ETF has stated that it will not pledge ETH. The bigger signal is that the commodity grantor trust structure and disclosure have not changed, all signs indicate that the US Securities and Exchange Commission will abandon the argument that ETH is a security.