Quote from: makishart on May 25, 2024, 02:10:33 AM

Quote from: highalch on May 24, 2024, 05:22:36 AM

According to the recent SEC filing you all know, ETH is now a commodity - highlight: according to the SEC

Is there still a chance that some other force (e.g. congress) will overthrow SEC's right to make this decision?

Don't worry buddy, congress gave an opposite reaction for the ETH ETF approval. They are now thinking of finishing the crypto regulatory framework as soon as possible because the acceptance of crypto ETF means if public have been also accepting crypto to be a new commodity in our life.
The positive impact will be coming soon. I think cynthia lummis's tweet has been making everything clear. They are not working to the crypto regulations as soon as possible.

What opposite reaction? When they say that ETH is an asset and not a commodity? Not sure if they mean it, I mean maybe they only use that term because each of us has also been using it and we interchanged it sometimes with currency and even a commodity, or whatever term that we can think of.

This shows how versatile cryptos are. With that being said, I think it is not a big deal if whatever term they will be using to ETH or to any other cryptos and I'm sure that both or all of them are still going to be valid. The real one that ETH supporters are going to dislike is if there is someone who will be against the approval of its ETF but luckily there's none

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