Coinbase Clo Paul Grewal shared the details of the internal documents of the US Securities and the Exchange Commission (SEC) on Ethereum 2.0, and revealed the existence of documents based on documents. The relevant documents reflecting the scope of SEC’s evaluations and discussions on the regulatory status of Ethereum 2.0, while Coinbase was shared with the public as a result of the case filed within the framework of the Freedom of Freedom of Information.
Ethereum 2.0 discussion of Sec of SEC
These documents include discussions in SEC about how Ethereum 2.0 will be classified within the scope of regulations. In an article published in May 2022, the Howy test was discussed in detail in order to evaluate whether Ethereum 2.0 can be counted as securities. The documents indicate that ETH 2.0’s compliance with the new consensus mechanism and regulation criteria is discussed.
SEC, Ethereum’un proof-of-world model to the proof-of-stake model after the transition to the ETH 2.0 reportedly launched an investigation. In April 2023, a Memorandum, which was prepared to guide the regulatory process, presented clues to the steps of SEC’s steps. In addition, the e-mail titled “Re Is Ethereum A Security ın of February 2023 revealed that there was uncertainty about the classification of Ethereum.
Regulatory Challenges and Discussions
Grewal also touched upon e-mails that SEC Considering various legal frameworks in the evaluation of Ethereum 2.0. Thus, it was understood that the appropriate regulatory status of ETH 2.0 has not yet been clarified and different opinions were present. In this process, the repetition of SEC’s regulation methods and discussions was brought to the agenda.
Coinbase Clo Paul Grewal said, “The statement of SEC’s documents can eliminate uncertainties regarding the regulatory status of Ethereum 2.0”
The emergence of documents reveals the past practices of SEC’s past practices in the regulation of crypto assets. The reflection of the discussions within the institution and the details of the legal assessments shows that the Gensler administration causes uncertainty not only outside but also within the institution. Although it described crypto currencies as securities for years, the gens could not explain clearly why they were securities. This issue, which cannot be understood within the institution, is clearly reflected in the documents. Fortunately, the new SEC management adopts crypto -friendly strategy and is struggling to create rules that support innovation that will solve problems beyond the debate.
These developments attract the attention of market and investors about how regulatory approaches will be shaped in the future. The information provided provides clues to analyze the issue in depth and to clarify the legal framework.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
