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RE: LeoThread 2024-01-14 07:49

in LeoFinance • last year

🧵 1. SEC Chair Gensler dampens hopes for a spot ETF, comparing it to Bitcoin as a non-security commodity token. #finance

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    🧵 2. Gensler hints at potential classification of all other cryptocurrencies, including Ethereum, as securities.

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      🧵 3. While Ethereum's security status remains uncertain, SEC's jurisdiction includes Ethereum transactions.

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        🧵 4. A court decision may force the SEC to approve a spot Ethereum ETF, similar to Bitcoin futures ETF approval.

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          🧵 5. The approval of Bitcoin ETFs and legal judgments have changed the landscape for crypto ETFs.

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