Will Canny is CoinDesk's finance reporter.
exchange-traded fund in the U.S. 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.
"Long term, we do believe, should Trump get elected, crypto could see significant legislative and agency support , to usher in long-lasting structural changes in crypto financial integration," analysts Gautam Chhugani and Mahika Sapra wrote. 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., signaling that an approval was more likely. The SEC has several final deadlines on spot ether ETF applications this week after having delayed its decisions a number of times.
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