Consensys: The approval of Ethereum spot ETF indicates that the U.S. SEC considers Ethereum as a commodity

Consensys stated on platform X that although ConsenSys welcomes today's decision to approve the Ethereum spot ETF, considering it a step in the right direction, this seemingly last-minute decision once again demonstrates the SEC's tricky and arbitrary approach towards digital assets. No other industry, market or asset is subject to such deliberate regulatory abuse. This is unfair to market participants, contrary to legal principles, and stifles innovation. Today's approval indicates that the SEC considers Ethereum as a commodity rather than a security - which contradicts its stance held until earlier this week, as we described in our recent lawsuit against the SEC. We will continue to seek clear regulatory clarity in our case and are pleased to see bipartisan efforts in Congress seeking clear and reasonable regulation.