Coinbase CFO Alesia Haas believes that “Ethereum (ETH) is not a security,” and regulators are unlikely to label it as such.
Haas shared her view on the matter during an interview with Fortune and pointed to the fact that both the SEC and the CFTC have said the same thing in the past.
The Coinbase CFO said that the classification issue stems from a lack of regulatory clarity around crypto in the US. She added:
“The core problem here is that we still do not have comprehensive crypto regulation at the federal level in the US.”
She urged for a “clear, equitable, applied regulatory framework” and said that regulatory clarity will better protect consumers and Coinbase. On the latter point, she noted clearer regulations would help Coinbase understand how to introduce compliant products in the US.
SEC subpoenas
Fortune reported on March 20 that the SEC is attempting to define ETH as a security. Some companies in the US have reportedly received subpoenas in which the SEC identifies
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