TechFlow news: Galaxy Digital's head of research, Alex Thorn, posted that if speculation about the U.S. SEC’s complete reversal on Ethereum ETFs is true, they may attempt to strike a balance between two positions—namely, that ETH itself is not a security, while "staked ETH" (or more tenuously, staking ETH as a service) could be considered a security.
This aligns roughly with their various lawsuits and related investigative reports, and might allow the SEC to approve an Ethereum ETF while preserving their previously stated and argued positions. In such a scenario, the SEC could prohibit ETFs from staking the ETH they hold.
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