SEC Confirms Ethereum Not a Security as Institutions Buy In

Ethereum Not a Security: SEC Statement Sparks Market Buzz

Ethereum Gets a Regulatory Green Light

Virtual currency just got one of its biggest boosts of all time. On July 21, SEC Chair Paul Atkins turned down all the informal views by saying that Ethereum Not a Security tool but an important part of digital assets. In a recent CNBC interview, he highlights the key role, increasing demands and the worldwide acceptance of the virtual currency.

This directly increases the status of digital assets in markets and trust among big companies, investors, and community. 

ETH Holdings Surge in Corporate Treasuries

The “Ethereum Not a Security” statement of the SEC Chair comes when the institutions started adopting ETH reserves in a huge amount. Taking as a major example, Bit Digital, a crypto mining company, showed a major shift in its strategy with the selling of 280 Bitcoins and using the raised money, around $172 million, to buy more. As of today the firm holds 120,306 ETH in its account which is worth ~$438 Million.

Source: X

Another company, SharpLink Gaming, owns 280,706 ETH of ~$867 million value. The Gaming company holds more than the Foundation itself. The company stacks its reserve ( about 99.7%) and earns through rewards over time.

Despite Regulatory Boost Ethereum is Crashing Hard 

SEC Chair’s comment (Ethereum Not a Security) came when the its price was crashing. The digital asset is currently labelled at $3,671.42 with $443.03B in market cap and $47.53B in 24-hour trading volume.  

Source: CoinMarketCap

This news will boost investor’s confidence in ETH as both big companies and moderate investors were paying attention to the growing regulatory clarity. 

Ethereum Not a Security: Turning Point for Crypto Market

Due to functions such as staking, layer-2 upgrades, and smart contracts, the platform is fast becoming an essential element of the crypto universe. 

As additional rules become clearer and companies invest more into this, one thing is certain: Virtual Asset Regulatory clarity is making the currency an intelligent long-term investment rather than a gamble.

Stablecoins Could Reshape Market Infrastructure

Besides this, Atkins also mentioned the recent stablecoins regulation (GENIUS Act) approval. He defines it as a “stamp of approval” which means a whole new method of business settlements. Now as digital dollars have clear rules the time is not far for the shiftment of the market to instant blockchain payments. 

This would make trading faster and cheaper, especially for things like shares. Use of stablecoins could unlock fast payments and less risks, he added.