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"SEC to eventually approve spot Ethereum ETFs, says JPMorgan"
PMorgan predicts that the SEC will eventually approve spot Ethereum ETFs, despite earlier assigning a 50% chance for approval by May. The firm suggests that if approval doesn't come by then, litigation could follow, potentially leading to the SEC's loss and subsequent approval of the ETFs. This prediction comes amidst the SEC's investigation into the Ethereum Foundation and efforts to classify ether as a security. JPMorgan also notes that Ethereum's decreasing centralization concerns could help it avoid being labeled a security, highlighting the importance of network decentralization in the SEC's classification process.
#ETH #BullorBear $ETH
PMorgan predicts that the SEC will eventually approve spot Ethereum ETFs, despite earlier assigning a 50% chance for approval by May. The firm suggests that if approval doesn't come by then, litigation could follow, potentially leading to the SEC's loss and subsequent approval of the ETFs. This prediction comes amidst the SEC's investigation into the Ethereum Foundation and efforts to classify ether as a security. JPMorgan also notes that Ethereum's decreasing centralization concerns could help it avoid being labeled a security, highlighting the importance of network decentralization in the SEC's classification process.
#ETH #BullorBear $ETH
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