ON THE ETH MISINFORMATION

Summary from the TLDR Crypto newsletter

Since the SEC allowed the ETH Futures ETFs to trade on its regulated security exchanges, it implicitly agreed ETH is a non-security and not under SEC jurisdiction. This move, made after Ethereum transitioned to a Proof of Stake model in 2022, suggests any delay or denial towards an ETH ETF would be contradictory to the agency’s past actions, as the SEC has indicated Ethereum is beyond its jurisdiction.