According to CNBC, SEC Chairman Paul Atkins said the committee will treat Ethereum like Bitcoin. He made it clear that the securities law does not apply to digital coins. He also said that the view remains informal until formal rule creation is complete.
In his words, “Like Bitcoin, the SEC has formally and unofficially stated that ether is not security.” The statement provided relief to many investors and encouraged fresh purchases by large corporations.
Paul Atkins: ETH is not security, digital assets are accepted by the market
Paul Atkins, Chairman of the Securities and Exchange Commission.@secgov), said the SEC “unofficially” it believes Ethereum (ETH) is not security. He’s like Bitcoin… pic.twitter.com/homo7seff
-Metaera (@metaerahk) July 21, 2025
Agents want clarity
Based on the report, the SEC’s Cryptographic Task Force held multiple roundtables this year. Industry leaders have joined in to discuss which federal laws apply to cryptography.
Under Gary Gensler, the agency looked into the tokens for securities status, but never gave a straight answer about the ether. Now Atkins says Ethereum is considered a commodity.
The Commodity Futures Trading Commission has long said that ether and bitcoin are commodities. However, uncertainty remains as to whether reward staking is counted as income or as a token.
ETHUSD trading at $3,685 on the 24-hour chart: TradingView
Institutional appetite for ETH UP
Large companies stack ether on their balance sheets. BTC, Sharplink Games and GamesQuare lead the pack. They’ve added millions of dollars worth of ETH in recent weeks.
One startup, Ether Machine, is planning a public debut backed by $1.6 billion Ethereum Capital. The diagram shows how confident some finance teams are.
ETF flow breaks records and prices continue
Funds focused on ETH types have destroyed daily inflow records. Based on ETF data, new money for Ethereum products reached an overdue high this month.
Still staking rules to Limbo
The talk of these vehicles has pushed the price of ether to $3,639. It has increased by more than 24% over the past seven days. Traders say if regulators stick to Atkins’s statement, there will be more room for growth.
The Ethereum staking ETF application is pending. BlackRock submitted a proposal a few months ago, but the SEC slowed down the green light.
Some companies worry that they could be considered securities or income under tax laws. CFTC Head Rostin Boehnham continues to support the etheric view as a commodity. However, without clear second guidance, players in defi and staking pools are facing unanswered questions.
GBX featured images, TradingView chart
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