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New York AG Pressures SEC to Label Ethereum a Security—Coinbase Report Reveals
New York AG Pressures SEC to Label Ethereum a Security—Coinbase Report Reveals
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Regulators are sharpening their knives—again. According to a Coinbase disclosure, New York’s Attorney General is pushing the SEC to classify Ethereum as a security. The move could send shockwaves through crypto markets already battered by regulatory whiplash.
Why it matters: A security designation would force ETH into the same compliance straitjacket as stocks—slapping DeFi projects with archaic rules written for 1930s brokerages. Never mind that Ethereum’s network processes more transactions daily than some legacy banks.
The punchline? Wall Street still can’t decide whether to regulate crypto into oblivion or quietly accumulate positions while retail investors panic-sell. Stay tuned for the next episode of ’Regulatory Theater.’
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