Swiss banking group AMINA BANK stated in its latest cryptocurrency market monitoring report that if Ethereum is classified as a security, it would pose significant risks to the entire cryptocurrency and DEFI ecosystem. This classification could lead to DEFI platforms being considered unregistered securities brokers, and cryptocurrency exchanges would need to register with the U.S. SEC to list ETH. The report also added that the complexity of such designation could force most crypto teams to exit the field. Furthermore, if the SEC continues to classify ETH as a security, protocols using the POS consensus may be compelled to revert to the POW consensus.

Swiss banking group Amina Bank stated in its latest cryptocurrency market monitoring report that designating Ethereum as a security "will pose significant risks to the entire cryptocurrency and DeFi ecosystem." Such a designation may lead to DeFi platforms allowing users to utilize cryptocurrency assets being viewed as "unregistered securities brokers." Additionally, cryptocurrency exchanges planning to list ETH will be required to register with the U.S. SEC. It further noted that the operational complexity resulting from this designation will force "most crypto teams to exit the field." The report also warned that if the SEC continues to declare ETH as a security, protocols using PoS consensus may be forced to revert to PoW consensus. (Bitcoin.com)

AMINA BANK Warning: Ethereum Being Considered a Security Could Force Crypto Teams Out of the Industry