Just now, the United States "made a move" again
Recently, the US SEC has hammered Ethereum again. The chairman of the SEC believes that Ethereum is an unregistered security, but this is inconsistent with current federal regulations.
In fact, as early as 2018, the SEC investigated and expressed its position on whether Bitcoin and Ethereum were securities. At that time, it believed that neither Bitcoin nor Ethereum were securities.
If the SEC does not approve the Ethereum ETF on May 23, it will be a disguised confirmation that Ethereum is a "security." As a result, most of the altcoins on the market will not have the possibility of applying for ETFs in the future.
At present, industry celebrities and institutions in the market do not have much hope that the Ethereum spot ETF will be approved before May 23. Including Michael Saylor, the founder of MicroStrategy, believes that the SEC will classify Ethereum as a security this summer and reject related spot ETF applications submitted by several asset management companies including BlackRock.
