Ethereum co-founder Joseph Lubin has stated that the US Securities and Exchange Commission (SEC) has already made its stance clear regarding Ethereum’s status as a security or commodity. Lubin mentioned that the Commodities and Futures Trading Commission (CFTC) considers Ether as a commodity, along with Bitcoin and Tether. However, the current SEC Chairman, Gary Gensler, has only recognized Bitcoin as such and has not declared Ethereum’s classification. Congressmen, Cynthia Lummis and Kirsten Gillibrand, are working on legislation to bring clarity to this situation. Lubin believes that the regulatory decision that Ethereum is not a security is inevitable.

AI Sentiment: Neutral