Securities and Exchange Commission (SEC) Chairman Paul Atkins told CNBC’s “Squawk Box” On July 21 The fact that the agency “informally more than formally stated” that Ethereum (ETH) is not safety, but decides whether toy in Treasury should be held on to companies to decide. “
Atkins added that Ethereum is “a very important part for many other digital currencies”, and it is encouraging to see the market embrace assets such as ETH.
He further explained:
“And I think that offers a good future for development.”
Business tests run to Ethereum
Atkins’ comments come when companies tap Ethereum on their treasury and in some cases even exchange other crypto for ETH.
BIT Digital announced on July 7 that it is one Transition of three months From a Bitcoin (BTC) -Ly treasury to an Ethereum-Alleen-Schat box, sell 280 BTC and pick up around $ 172 million through an endorsed stock sales before he buys extra ETH.
According to his submission, the balance of the miner of 24,434 ETH rose on March 31 to around 100,603 ETH.
In the meantime, Sharplink has announced Gaming On July 15 that it now contains 280.706 ETH. This treasury is currently the largest well -known business position, with a value of $ 867 million, which even surpasses the Ethereum Foundation.
Between July 7 and July 13, the company bought 74,656 ETH at an average price of $ 2,852 and reported that 99.7% of its participations has been set, so that 415 ETH is generated since 2 June.
Chairman Joseph Lubin formed the reserve strategy as ‘collective capitalism’ built on a permissionless network.
Stablecoins and pension access
Atkins turned to the regulatory landscape and noted that recent federal attention to Stablecoins represents the “stamp of approval” that could make near-instructive delivery versus payment possible for securities.
He argued that the on-chain scheme with the help of regulated, dollar-supported tokens can lower the counterpartic risk and transaction costs on American capital markets.
The interview also related to pension plans. Atkins said that individual investors continue to expose to private funds, including strategies for digital assets, within 401 (K) s.
In cooperation between the SEC and the Ministry of Labor, he insisted on establishing appreciation, liquidity and reimbursement standards, allowing Fiduciaires to offer registered products to long -term savers.
“We have to make it so that individual investors rely on fiduciaryes,” he said.
Ethereum -Market data
At the time of press 6:56 pm UTC on July 21, 2025Ethereum is on #2 by market capitalization and the price is upwards 0.75% In the last 24 hours. Ethereum has a market capitalization of $ 454.58 billion With a trade volume of 24 hours $ 45.73 billion. More information about Ethereum ›
Summary of the Cryptomarkt
At the time of press 6:56 pm UTC on July 21, 2025The total crypto market is appreciated at $ 3.92 trillion With a volume of 24 hours $ 209.63 billion. Bitcoin Dominance is currently up 59.72%. More information about the Cryptomarkt ›