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Freelance business consulting for bloggers ✌️【Career Counseling】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.Approval of a spot ether (ETH) exchange-traded fund (ETF) in the U.S.

Freelance business consulting for bloggers ✌️【Career Counseling】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!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.

Meanwhile, categorization as a security means a more stringent regulatory oversight by the SEC.Freelance business consulting for bloggers Achieve Financial Freedom through Smart Investments