SEC is running a campaign against ETH | #News

⚠️ Amid the news $ETH was down 7% today

📌 #SEC has delayed a decision on the spot Ethereum-ETF until the end of May.

The new deadline for review on these applications is May 24 and May 30, 2024.

👉 Some companies are considering staking for their #etf which further complicates the application approval process.

Analysts estimate the probability of approval at 30% 👎

📌 #Ethereum Foundation has received an official request from a government agency.

😢 SEC has started a campaign to classify ETH as a security.

Problems may move to #DeFi sector as well as projects of former founders.

🤔 This may lead to liquidity spillover to networks like $AVAX and $ATOM

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