The SEC's recent probe into Ethereum has stirred speculation amid a 4% decline in Ethereum's value over the past week.
On the other hand, Steven Nerayoff applauds SEC’s probe into Ethereum.With Ethereum experiencing a 4% decline over the last week, concerns arise about the potential implications for spot Ether ETFs.
“The SEC needs a non-correlation objection to deny ETH spot ETFs this year and has a desire to avoid undermining the args in the CB/Binance actions – together representing the two biggest crypto issues the agency is managing.”The SEC is said to be gathering information from U.S. firms associated with the Ethereum Foundation, but there has yet to be an official confirmation from the regulator.
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