Securities and Exchange Commission (SEC) Chairman Paul Atkins told CNBC’s “Squawk Box.” July 21st The agency says that Ethereum (ETH) is “formally and formally stated informally,” which decides whether to retain Treasury reserves, not security.
Atkins encourages Ethereum to see a market that employs assets such as ETH, as “a very important factor for many other digital currencies.”
He further stated:
“And I think it provides a good future for development.”
Corporate finances pivot to Ethereum
Atkins’ remarks are made public as companies tap Ethereum to the Treasury Department and, in some cases, exchange other ciphers for ETH.
BitDigital announced that it was completed on July 7th Three month transition From Bitcoin (BTC), from Treasury alone to Ethereum only, they sold 280 BTC and purchased additional ETH before raising about $172 million through the cited stock sales.
The miners’ balance sheet rose to around 100,603 ETH from 24,434 ETH on March 31st.
Meanwhile, Sharplink’s game has been disclosed July 15th Currently holding 280,706 ETH. The Treasury Department is now the largest known company position, worth $867 million, exceeding even the Ethereum Foundation.
Between July 7 and July 13, the company reported that it had purchased 74,656 ETH at an average price of $2,852, with 99.7% of its holdings being staked, generating 415 ETH since June 2.
Chairman Joseph Rubin framed the preliminary strategy as “collective capitalism” built on a network without permission.
Stubcoin and retirement access
Atkins looks at the regulatory landscape, noting that recent federal attention to stubcoin represents a “sign of approval” that allows for payment and payment of securities.
He argued that regulated dollar aid tokens could be used to reduce counterparty risk and transaction costs across the US capital markets.
The interview also covered retirement plans. Atkins said individual investors continue to seek exposure to private funds, including digital asset strategies within the 401(k)s.
He encouraged cooperation between the SEC and the Ministry of Labor and established assessment, liquidity and fee standards.
“Individual investors need to be dependent on the trustee,” he said.
Ethereum Market Data
When reporting 6:56pm, UTC on July 21, 2025Ethereum ranks second in terms of market capitalization, and the price is above 0.75% Over the past 24 hours. Ethereum has a market capitalization $45.458 billion 24-hour trading volume $4.573 billion. More about Ethereum›
Overview of the Crypto Market
When reporting 6:56pm, UTC on July 21, 2025Crypto market totals are evaluated by $3.92 trillion There is a 24-hour volume 20.963 billion dollars. Bitcoin’s advantage is currently underway 59.72%. Crypto Market Details›