Dan Berkovitz, former general counsel of the Securities and Exchange Commission (SEC), made an interesting claim. According to Berkovitz; It may be legally possible for Ether to be regulated by two regulators at the same time. Berkovitz's claim; It paves the way to classify Ether, which is regulated by the SEC and CFTC, as both a security and a commodity.

Ether, whose legal status has been discussed by the CFTC and SEC for a long time, was eventually defined by the CFTC as a commodity like many other cryptocurrencies. However, the SEC, headed by Gary Gensler, has yet to assign a specific legal category and class to Ether. Gensler stated at a meeting in April that everything other than Bitcoin should be considered a security without much explanation.
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