While the debate continues on whether Ethereum is a security or not, the last comment came from Coinbase CFO Alesia Haas.
Speaking to Fourtune, Coinbase CFO argued that Ethereum is not a security and asked the SEC to reconsider its stance on not classifying Ethereum as a security.
Trying to explain that ETH is not a security by discussing the dynamics between Bitcoin and Ethereum, Haas stated that while Bitcoin acts as a store of value, Ethereum has emerged as a preferred platform for decentralized application development.
Pointing out that Bitcoin and Ethereum have separate missions at this point, Coinbase CFO stated that ETH cannot be considered a security due to this and its different features.
“Ethereum is definitely not a security. Historically, the SEC has repeatedly said that ETH is not a security.
CFTC said Ethereum is not a security. “The main problem here is that we still do not have comprehensive cryptocurrency regulation at the federal level in the US.”
During her interview, Alesia Haas also touched on the importance of Bitcoin reaching a new ATH above $72,000, saying that the recent rally was related to the demand for spot Bitcoin ETFs listed in the US in January.
*This is not investment advice.
