I would not be surprise to see the ETH to BTC ratio hit new highs soon. This is the best news Ethereum could have received. This has long been the grey cloud that hung over ETH. Now I sure many of the tokens are securities but this is OK in my humble opinion. The most important thing is that these major Cryptos no considered securities then exchanges like Coinbase could be at mojor risk having to delist Ethereum. Securities Exchanges and protocols are already in place to satisfy the regulators needs with security tokens.
But again, folks Crypto does not depend upon regulators approve in first place. Decentralized exchanges are already taking b/t 15% of trade volumes. With DEXs there is no middle man or need for permission. Smart contracts execute the trade without human intervention.