The Securities and Exchange Commission (SEC) has yet to address a request from New York Attorney General Letitia James for an official classification of Ethereum as a security. This silence comes amidst growing regulatory confusion, further highlighted by the SEC’s ambiguity regarding the cryptocurrency’s categorization. Coinbase documents reveal that the NYAG’s request was included in their legal filings during the KuCoin prosecution. The email from Shamiso Maswoswe explains how this designation would better protect investors. However, the SEC has remained silent, maintaining an unclear stance on the matter. The SEC’s historical view of Ethereum as a commodity has been challenged by the PoS mechanism transition. This shift in regulatory thinking is further complicated by inconsistent signals and conflicting information from within the SEC itself. While Coinbase has highlighted the need for clear guidelines, other industry leaders like Paul Grewal urge for consistency. The impact of this uncertainty on investor protection discussions remains significant. The SEC’s stance on Ethereum’s classification continues to cause concern as the cryptocurrency market navigates PoS changes. CoinMarketCap data shows Ethereum (ETH) currently trades at $1,818.28 with a market cap of $219.53 billion. Despite recent price fluctuations, including a 2.6% increase in 24 hours and a 32.87% drop over 90 days, the platform’s dominance remains strong at 7.33%. **The ongoing regulatory uncertainty surrounding Ethereum may impact market trends**, as analysts suggest that US regulatory inconsistencies could influence market dynamics.