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SEC Chairman Paul Atkins clarified that Ethereum (ETH) is not considered a security, emphasizing its pivotal role in digital currencies. Companies are increasingly adopting ETH in their treasuries, signaling growing institutional confidence.
- Bit Digital transitioned from a Bitcoin-only treasury to an Ethereum-only treasury, raising $172 million and increasing its ETH holdings to 100,603.
- SharpLink Gaming holds 280,706 ETH, the largest corporate position, with 99.7% staked, generating 415 ETH since June 2.
- Atkins emphasized stablecoins' potential to reduce counterparty risk and called for regulatory standards to include digital assets in 401(k)s.
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