📌 The SEC will not be able to prevent the launch of spot Ethereum ETFs

This was stated by Brian Quintenz - a staff member of a16z crypto and former CFTC commissioner.

CFTC - The Commodity Futures Trading Commission of the United States.

The regulator approved a futures-based ETF on Ethereum after the blockchain transitioned to Proof-of-Stake. By doing so, they have already agreed that ETH is not within their jurisdiction.

The SEC could not allow the trading of an illegal instrument on a national securities exchange. If the Commission considered ETH a "security," they would not have approved the listing of futures ETFs.