Financial Officer Alesia Haas, Ethereum (ETH) is unlikely to be classified as a security by regulators.Haas expressed her opinion during an interview with Fortune, citing previous statements from both the SEC and the CFTC that support her perspective.

She highlighted the issue of inconsistent crypto regulations in the US. Haas emphasized the need for a clear regulatory framework to protect consumers and ensure compliance for Coinbase.

Recent reports suggest that the SEC is exploring the possibility of defining ETH as a security due to its switch to proof-of-stake. Some US firms have received subpoenas from the SEC linking ETH to securities, sparking concerns in the crypto community.

The status of Ethereum as either a security or a commodity could impact the availability of certain products in the US market. This uncertainty also affects the treatment of spot Ethereum ETFs compared to Bitcoin ETFs, as well as the operations of Special Purpose Broker-Dealers.

In the midst of regulatory uncertainty, Coinbase is facing its own SEC case related to its products. While the case involves discussions about ETH, particularly in the context of staking, it does not explicitly claim that Ethereum is a security.