Consensys Senior Legal Counsel: US SEC may classify ETH according to investor protection law

Bill Hughes, Consensys' Senior Legal Counsel and Global Regulatory Affairs Director, stated in an interview that the U.S. Securities and Exchange Commission (SEC) is likely to classify ETH under investor protection laws. In October 2023, the SEC allowed Ethereum-based futures ETFs to be traded on securities trading platforms. This means that the assets on which the futures contracts are based are not securities. Some things have happened since then that seem to have caused the SEC to change its position.