Securities and Change Fee (SEC) Chairman Paul Atkins informed CNBC’s “Squawk Field” on July 21 that the company has “acknowledged informally greater than formally” that Ethereum (ETH) will not be a safety, however deciding whether or not to carry the token in treasury reserves “is as much as firms to determine.”
Atkins added that Ethereum is “a really key part for lots of different digital currencies,” and it’s encouraging to see the market embracing property resembling ETH.
He additional acknowledged:
“And I feel that gives future for growth.”
Company treasuries pivot to Ethereum
Atkins’ remarks come as firms are tapping Ethereum to their treasuries, and even swapping different crypto for ETH in some circumstances.
Bit Digital introduced on July 7 that it had accomplished a three-month transition from a Bitcoin (BTC)-only treasury to an Ethereum-only treasury, promoting 280 BTC and elevating roughly $172 million via an underwritten share sale, earlier than buying extra ETH.
In response to its submitting, the miner’s steadiness sheet rose from 24,434 ETH on March 31 to roughly 100,603 ETH.
In the meantime, SharpLink Gaming disclosed on July 15 that it now holds 280,706 ETH. This treasury is at the moment the biggest identified company place, valued at $867 million, surpassing even the Ethereum Basis.
Between July 7 and July 13, the agency bought 74,656 ETH at a mean worth of $2,852 and reported that 99.7% of its holdings are staked, producing 415 ETH since June 2.
Chairman Joseph Lubin framed the reserve technique as “collective capitalism” constructed on a permissionless community.
Stablecoins and retirement entry
Atkins turned to the regulatory panorama, noting that current federal consideration to stablecoins represents the “stamp of approval” that would allow near-instant supply versus fee for securities.
He argued that on-chain settlement utilizing regulated, dollar-backed tokens can decrease counterparty threat and transaction prices throughout US capital markets.
The interview additionally coated retirement plans. Atkins stated particular person buyers proceed to hunt publicity to non-public funds, together with digital asset methods, inside 401(okay)s.
He urged collaboration between the SEC and the Division of Labor to ascertain valuation, liquidity, and price requirements, which might allow fiduciaries to supply registered merchandise to long-term savers.
“We have to make it in order that particular person buyers are counting on fiduciaries,” he stated.
Ethereum Market Information
On the time of press 6:56 pm UTC on Jul. 21, 2025, Ethereum is ranked #2 by market cap and the value is up 0.75% over the previous 24 hours. Ethereum has a market capitalization of $454.58 billion with a 24-hour buying and selling quantity of $45.73 billion. Study extra about Ethereum ›
Crypto Market Abstract
On the time of press 6:56 pm UTC on Jul. 21, 2025, the overall crypto market is valued at at $3.92 trillion with a 24-hour quantity of $209.63 billion. Bitcoin dominance is at the moment at 59.72%. Study extra in regards to the crypto market ›
