Here’s Why US SEC Is in Trouble Following Ether ETF Approval, According to Crypto Lawyer

Cryptocurrency lawyer James Murphy, known as MetaLawMan, believes the United States Securities and Exchange Commission has gotten into trouble following its approval of spot exchange-traded funds for the Ethereum network., Murphy said the SEC is in “deep trouble” with its lawsuits against some crypto firms because the agency’s approval of the Ethereum ETFs finalized the debate of ether being a commodity.

While the SEC has persisted in its anti-crypto stance over the years, the agency has initiated legal battles against several American digital asset entities, accusing them of offering unregistered securities like ETH, Solana , Cardano , Ripple , Polygon , and many other crypto tokens.

Source: Law Daily Report (lawdailyreport.net)

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