SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst

• Adam Cochran has argued that the SEC cannot argue that ETH is a security that is unregistered, and approve an ETH Futures ETF simultaneously.
• The SEC, according to him, must accept the state that ETH is a commodity or a currency to approve an ETH Futures ETF.
• Attorney John Deaton asserts that if the SEC approves an ETH Futures ETF, it would also be favorable to any potential XRP appeal.

Adam Cochran, a partner at Cinneamhain Ventures, has stated in a recent Twitter post that the SEC cannot simultaneously argue that ETH is a new intrinsic “crypto asset security” that is unregistered, and approve an ETH Futures ETF.

“You couldn’t have a futures ETF made out of an unregistered security,” argued the crypto analyst. The SEC, according to him, must accept the state that ETH is a commodity or a currency for this to be the case and revert to only attacking the transactional matter of it under Howey. Cochran added:

So if…

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