Viewpoint: The SEC "strongly suggests that ETH is a commodity rather than a security" in the approval order for the ETH spot ETF

ChainCatcher news, The ETF Store President Nate Geraci cited an analysis report from the law firm Foley & Lardner LLP, pointing out that the most significant progress in the SEC's approval of the ETH spot ETF is that "the SEC strongly suggests that ETH is a commodity rather than a security."

Additionally, "the approval order indicates that crypto assets can start as securities and transition to commodities over time."