Ethereum ETFs Signal Major Shift in Crypto Landscape
The SEC's approval of spot Ethereum ETFs may signal a shift in regulatory oversight from the SEC to the CFTC, potentially classifying Ethereum as a commodity rather than a security. This move could undermine the SEC's ongoing crypto crackdown and influence pending lawsuits against major crypto platforms like Coinbase and Kraken. The decision may lead to less stringent regulation under the CFTC, fostering innovation and providing greater legal clarity in the digital asset sector.