🌐 The crypto market has had another busy day, with the U.S. SEC taking aim at Ethereum, suggesting classifying it as a security.
This move is not surprising, given the SEC's aggressive stance in recent years. However, the presence of BlackRock's Larry Fink could complicate matters, as the rating could affect his plans to launch an ETF and his recent bet on a tokenized fund on the Ethereum network.
It looks more like a political fight to justify a possible rejection of the ETF, which may explain the 25% drop in Ethereum in the last 7 days. 📊
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🔥📊 SEC vs ETH📊🔥
🧐 SEC goes after Ethereum (ATH)
🌐 The crypto market has had another busy day, with the U.S. SEC taking aim at Ethereum, suggesting classifying it as a security.
This move is not surprising, given the SEC's aggressive stance in recent years. However, the presence of BlackRock's Larry Fink could complicate matters, as the rating could affect his plans to launch an ETF and his recent bet on a tokenized fund on the Ethereum network.
It looks more like a political fight to justify a possible rejection of the ETF, which may explain the 25% drop in Ethereum in the last 7 days. 📊
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Source: BG Crypto PRO
#Ethereum #SEC |