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Grayscale CEO Michael Sonnenshein Defends ETH Against Security Classification

Katie Lin

Summary: Grayscale CEO Michael Sonnenshein stated in an X post that former U.S. Securities and Exchange Commission official Bill Hinman had previously stated in a speech that Ethereum was not a security. However, with the continuous advancement of this industry, it will now be necessary to defend ETH as a commodity once again. If the cryptocurrency ...

Grayscale CEO Michael Sonnenshein stated in an X post that former U.S. Securities and Exchange Commission official Bill Hinman had previously stated in a speech that Ethereum was not a security. However, with the continuous advancement of this industry, it will now be necessary to defend ETH as a commodity once again. If the cryptocurrency industry faces challenges, then everyone must stand up and speak out.

Author: Katie Lin

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