The United States has set its sights on ETH and is preparing to define it as a security. Once it is passed, a large number of public chains will face SEC review.

The United States has increasingly tightened its regulation of cryptocurrencies, and this time it has set its sights on Ethereum (ETH). Once the U.S. Securities and Exchange Commission (SEC) defines ETH as a security, it will mean that the platform will completely remove ETH, and a large number of public chains will also face SEC review. The external network has already set off an uproar, and the price of ETH has fallen sharply. Unlike Bitcoin (BTC), securities can only be traded on securities platforms and need to disclose the purpose of financing, which will put great pressure on public chain project parties. However, from another perspective, this will also help protect the rights and interests of investors and prevent project parties from taking money and running away. At present, the SEC's definition of ETH is still in the draft stage and may go through a long review process. Investors need to pay close attention to relevant developments and pay attention to whether the currency in their hands tends to be proof of work (POW) or proof of stake (POS), which will affect the long-term value of the currency.

The cryptocurrency market is constantly volatile, and investors need to remain vigilant and pay attention to market trends in a timely manner. Do you think it is good or bad for the SEC to define ETH as a security?