Yeliz Akmaca 
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has stated that Ethereum is not classified as a security. In an interview with CNBC, Atkins revealed that the SEC does not officially view Ethereum as a security. He emphasized that the Commission treats Ethereum similarly to Bitcoin—as a commodity. This statement supports the growing institutional interest in Ethereum.
Chairman Atkins highlighted Ethereum’s central role in the crypto sector and pointed out its importance as foundational infrastructure for the layer-2 ecosystem. He reaffirmed that securities laws do not apply to Ethereum. While the official stance is yet to be finalized, the SEC “unofficially” does not consider ETH a security.
Institutional Demand and ETH Price Surge
Atkins welcomed institutional firms’ adoption of ETH, calling it a positive indicator for the sector’s growth. This development has driven demand for Ethereum, pushing its price close to $4,000.
Notably, companies such as BTCS, SharpLink Gaming, and Gamesquare are adding ETH to their portfolios. Moreover, Ether Machine is preparing for an IPO with $1.6 billion worth of ETH capital. ETH ETFs are also attracting massive inflows. In recent weeks, ETH ETF funds have seen record-breaking investment entries.
Meanwhile, the Commodity Futures Trading Commission (CFTC) also supports classifying ETH and Bitcoin as commodities. However, there are still regulatory uncertainties around ETH staking. The SEC has delayed decisions on Ether-based staking ETF applications, while institutions like BlackRock continue to submit filings in this area.
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