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The sole aim of the market regulator as highlighted by the report is to classify Ethereum as a security. Should it succeed in achieving this goal, the for the spot Ethereum ETF product are low. Recall that the final deadline for some of the issuers, including VanEck, is billed for May 23. This bearish news is yet to be fully digested within the Ethereum community, and rather than plummet drastically, the price of ETH has remained resilient, defying the trend.regarding the Ethereum protocol and its securities classification, many industry experts, including Solana cofounder Anatoly Yakovenko and Coinbase’s chief legal officer Paul Grewal have Grewal believes Ethereum occupies a crucial spot in the entire evolution of the digital currency ecosystem.
While industry observers patiently await the outcome of the probes and the spot Ethereum ETF decision, the current growth outlook shows investors might care less in the long run.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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