In an appeal to the U.S. Securities and Exchange Commission (SEC), Coinbase asked that staking services be treated equally as securities be reexamined.
Behnam asserted that it "would not have allowed" Ether futures products to be listed on CFTC exchanges if it "did not feel strongly that it was a commodity asset."
Ellison and Wang, two of Singh's former coworkers, agreed to stay in their CFTC cases, and Singh has agreed to propose a consent order in the CFTC case.