Opinion: ETH is a commodity, the U.S. SEC has no sufficient reason to reject the ETH ETP application

Golden Finance reports that Coinbase Chief Legal Officer paulgrewal.eth posted on platform X, stating that while we are waiting for a decision regarding ETH ETP, there has been an error message about ETH. Let's talk about some basic facts about Ethereum. Millions of Americans hold ETH and since its launch in 2015, it has been crucial to cryptocurrency. ETH is a commodity, not a security. The U.S SEC does not have sufficient reason to reject the ETH ETP application. We hope they will not try to invent a cryptocurrency by questioning the regulatory status of ETH that has long been established and recognized multiple times by the SEC.