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Earn from Selling Pre recorded Audio Lessons for Quick Cash ✌️【Recruitment Platform】✌️Begin your journey to financial growth with ₹500. Invest smart and earn big!Will be seen as significant regulatory relief for the crypto sector and raise expectations for ETH's rival SOL to be categorized as a commodity, broker Bernstein said in a research report on Tuesday.The report sent to clients days before the SEC's final deadlines on whether to approve some of the ETH ETF applications said the Biden administration might soften its stance on crypto ahead of the November Presidential Elections and a potential Trump victory would be broadly positive."Long term, we do believe, should Trump get elected, crypto could see significant legislative and agency support (with a new SEC chair), to usher in long-lasting structural changes in crypto financial integration," analysts Gautam Chhugani and Mahika Sapra wrote."More tactically, the Ethereum ETF approval would set the precedent for a first non-Bitcoin blockchain asset to be considered a commodity, raising hopes for Ethereum’s peers (Solana likely) to follow the same path," analysts added.The classification of cryptocurrencies as either securities or commodities has far-reaching implications.
For instance, ETF applications and approval hinge on the classification of tokens as commodities.
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