Securities and Alternate Fee (SEC) Chairman Paul Atkins instructed CNBC’s “Squawk Field” on July 21 that the company has “said 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 resolve.”
Atkins added that Ethereum is “a really key part for lots of different digital currencies,” and it’s encouraging to see the market embracing belongings equivalent to ETH.
He additional said:
“And I feel that gives a great 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 instances.
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 by an underwritten share sale, earlier than buying further ETH.
In line with 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 most important 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 latest federal consideration to stablecoins represents the “stamp of approval” that would allow near-instant supply versus cost for securities.
He argued that on-chain settlement utilizing regulated, dollar-backed tokens can decrease counterparty danger and transaction prices throughout US capital markets.
The interview additionally lined retirement plans. Atkins mentioned 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 mentioned.
Ethereum Market Knowledge
On the time of press 6:56 pm UTC on Jul. 21, 2025, Ethereum is ranked #2 by market cap and the worth 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. Learn more about Ethereum ›
Crypto Market Abstract
On the time of press 6:56 pm UTC on Jul. 21, 2025, the full 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%. Learn more about the crypto market ›
