The SEC’s stance on whether Ethereum should be classified as an unregistered security or not creates regulatory ambiguity, which could complicate the trading process for digital assets. In contrast, Bitcoin is considered a commodity in the US, which gives it a more secure footing. Bitcoin has seen a substantial increase of almost 12%, while Ether has slightly dipped by approximately 1%. The lack of clarity in the SEC’s actions, especially towards Ethereum, has raised concerns among market observers and stakeholders. As the fate of Ethereum and other digital assets hangs in the balance, the regulatory uncertainty has left Ethereum trailing behind Bitcoin.
AI Sentiment: Negative