Coinbase Argues Bitcoin ETF Precedent Applies “Equally or More Strongly” to Ether

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Coinbase has submitted a strongly-worded letter to the Securities and Exchange Commission

TLDR

Central to Coinbase’s argument is that Ether should be classified as a commodity, not a security. The company points to the Commodity Futures Trading Commission’s (CFTC) regulation of Ether futures, federal court rulings stating Ether is not a security, and the SEC’s lack of objection to the CFTC’s commodity designation.

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