COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum May Receive a Unique Classification, Hints JP Morgan
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Ethereum May Receive a Unique Classification, Hints JP Morgan
Ethereum (ETH)

Ethereum May Receive a Unique Classification, Hints JP Morgan

In Brief

  • The cryptocurrency sector has been significantly shaken up following lawsuits lodged against exchanges Binance and Coinbase. Increasing uncertainty arises as numerous cryptocurrencies are being declared securities and relevant litigation continues. Ethereum (ETH) is now in the spotlight due to an interesting assertion by JP Morgan, which suggests that the U.S. Congress might allocate Ethereum to […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

The cryptocurrency sector has been significantly shaken up following lawsuits lodged against exchanges Binance and Coinbase. Increasing uncertainty arises as numerous cryptocurrencies are being declared securities and relevant litigation continues. Ethereum (ETH) is now in the spotlight due to an interesting assertion by JP Morgan, which suggests that the U.S. Congress might allocate Ethereum to a “different category.” 

Contents
New Category for ETHEthereum May See Separate Treatment

New Category for ETH

JP Morgan strategists stated that the U.S. Congress might classify Ether (ETH) in the same commodity category as Bitcoin (BTC), or it could be assigned to another particular category that wouldn’t cause significant regulatory issues. They expressed, “Cryptocurrencies, which are too decentralized to be described as securities, such as Ethereum, can be placed in a special ‘other category.’ This category could provide more restrictions and investor protection than currently defined for commodities, but more flexibility than required for securities.” 

JP Morgan analyst Nikolaos Panigirtzoglou shared these remarks in the wake of the Hinman documents. Former SEC executive Hinman stressed in his 2018 speech that ETH is not a security. During the ongoing case between Ripple Labs and SEC, all documents related to this were demanded and revealed. Hinman’s speech emphasized that due to its “sufficiently decentralized blockchain network,” Ethereum couldn’t be declared a security. 

Ethereum May See Separate Treatment

In 2018, some SEC officials voiced concerns that ETH could also be considered a security. One such concern seems to be that not considering tokens on decentralized networks as securities could create a legal loophole in regulations. This might shed light on the explanation of a new category mentioned by the JP Morgan analyst. 

Despite these developments, Ethereum’s price saw a 2% rise, currently trading around $1,667. Nevertheless, Ethereum still displays a 10% decrease on the weekly chart and hasn’t fully recovered. All these developments continue to have a generally bearish impact on altcoins. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ethereum Price Surge Thrills Millions as Profit Threshold Nears!

Ethereum Surges with Massive Withdrawals from Centralized Exchanges

Crypto Analyst Warns of Short-Term Correction in Ethereum and Solana

BlackRock Drives Bitcoin and Ethereum Surge: An Unmatched Force in Cryptocurrency

Ethereum Surges After Major Update: What it Means for Crypto Markets

İlayda Peker 16 June, 2023 - 7:34 pm 16 June, 2023 - 7:34 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Tether’s USDT Backed by Chinese Securities: Revealed in NY Prosecutors’ Report 
Next Article Bitcoin Surpasses $26,000 Again, Thanks to BlackRock’s Bold Move
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Pi Coin Faces Dramatic Price Swing with Market Moves
Altcoin News
XRP Defies Market Trends with Surprising Price Surge
Ripple (XRP)
Watch Ethereum Skyrocket: A Meteoric Rise Outshines Rivals
Altcoin News
Experience Seamless ADA Transactions Directly on the Brave Browser
Cardano (ADA)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?