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Michael Cameron
@iserlone
Skepticism of an Eth ETF is the only view that accounts for GG & Warren. GG repeatedly testified that BTC was a commodity. Even then, lawsuits had to force the issue. GG famously refused to say what Eth is. POS makes Eth different than BTC. Argument used against Solana in SEC v. Coinbase will easily stop an Eth ETF.
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Matt Walsh
@mattwalshinbos
I agree that the SEC will not approve it. Will take a lawsuit. The only question is who will be the one to sue the SEC?
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Adam Snyder
@adamsnyder.eth
What do you make of the fact that the SEC already approved a futures ETF for Eth? It’s literally the same exact reasoning from the BTC case. You really think the SEC wants to pick another fight they are guaranteed to lose? I doubt it.
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PraxisVeritas.io
@praxisveritas
Like people saying above, CFTC has made clear for a while it thinks ETH is a commodity and it’s the regulator in charge (https://finance.yahoo.com/news/cftc-chair-calls-ethereum-commodity-111551034.html) SEC could’ve contested and didn’t. COIN lawsuit arguments also strengthen case for no security.
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