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TechFlow news, Nate Geraci, President of The ETF Store, citing an analysis report from law firm Foley & Lardner LLP, pointed out that the most significant development in the U.S. SEC's approval order for a spot ETH ETF is that "the SEC strongly suggested ETH is a commodity rather than a security."
In addition, "the approval order indicates that a digital asset can begin as a security and evolve into a commodity over time."
Nate Geraci, president of The ETF Store, citing an analysis report by law firm Foley & Lardner LLP, pointed out that the most significant development in the U.S. SEC's approval order for a spot ETH ETF is that "the SEC strongly implied that ETH is a commodity rather than a security." Furthermore, "the approval order indicates that a digital asset can start out as a security and evolve into a commodity over time."
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