SEC Chief Remains Unclear If Ethereum Is a Security Despite Pending ETH Fund Approvals

SEC Chair Gensler deferred on stating whether Ethereum is considered a security by the regulator, despite multiple Ethereum ETF applications.

Gensler said the determination depends on "facts and circumstances" like whether investors expect profits from others' efforts.

The SEC has delayed deciding on several Ethereum ETF applications, possibly until late May like with Bitcoin ETFs.

Gensler sees crypto overall as a "highly speculative asset class" relying on entrepreneurs' efforts, suggesting possible security status.

In 2018, Gensler said Ethereum was likely not a security by then as it was "sufficiently decentralized," contrasting with his recent deferral.