KEY POINTS
- Kaiko's Will Cai said he expects the approvals to have 'likely positive ramifications' on crypto regulation
- Gensler has repeatedly refused to directly answer questions on whether Ether is a security or not
- Kaiko analysts are expecting an Ether bull run after ETH ETFs begin trading
The U.S. Securities and Exchange Commission (SEC) has now indirectly declared that Ether (ETH), the native digital asset of the Ethereum blockchain, is a commodity following the much-awaited 19b-4 filing approvals last week, a financial expert said.
