SEC's settlement with eToro indicates Ethereum may not be classified as a security.

The SEC's recent settlement with eToro suggests that Ethereum may not be classified as a security, as it allowed eToro to retain Ethereum while delisting other tokens. This has sparked speculation among industry leaders regarding Ethereum's regulatory status. Meanwhile, Ethereum's trading activity shows significant inflows, indicating investor confidence. The SEC is also facing scrutiny over hiring practices amid concerns of political bias.

September 12, 2024
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