Roundable sec could change the perspective 'for ETFS Ethereum

The US stock and securities commission. UU. Maintains its first Round crypto regulation table, focusing on defining the safety status of cryptographic assets.

The event marks the beginning of a series of discussions of the newly formed cryptographic working group of the SEC, which could have significant implications for the broader cryptocurrency market.

Definition of cryptographic assets as values

According to Tanaya Machel de CNBC, the SEC efforts aim to provide clearer guidelines on whether certain encryption assets should be classified as values, a problem that has created tension between the SEC and the cryptographic industry.

“The SEC of the old administration addressed many companies for their participation with cryptography, claiming that most coins were unregistered values, but not giving clear guidelines to avoid being attacked,” Macheleel said.

Today's round table could also have implications for the funds quoted in ethereum Bag (eth). Although the SEC recently stated that Memes currencies are not considered values, the agency has not yet clarified its position on rethinking services linked to cryptographic ETFs, a factor that could affect future growth in the market.

“The appetite by eth Ethfs has been warm compared to the bitcoin ETFs, and one of the great reasons is the inability to obtain a betting performance in those funds,” Macheleel said. “If the SEC can iron some of the uncertainties that these services are unregistered potential values, it could change the ETF ETF perspective.”

bitcoin remains stable while ethereum is left behind

Despite regulatory uncertainty, bitcoin (btc) has remained stable in recent weeks. Machel said bitcoin is quoted around its 200 -day mobile average about $ 84,000, which operators see as a key level of technical support.

“If you can keep the 200 days, that's great,” he said. “In the long term, ethereum for me is more peculiar. It has been dead. There are some short positions with coverage funds, but bitcoin has clearly overcome.”

The market prospect is still mixed

ethereum's low performance in relation to bitcoin has been a remarkable trend. While bitcoin has remained stable, ethereum has struggled to gain impulse despite the increase in institutional interest in eth -based financial products.

Machel also pointed out that the broader cryptographic market has seen a relatively moderate activity compared to other kinds of assets such as gold.

“The Gold broke $ 3,000 this year, while bitcoin has been in the low range of $ 80,000,” he said. “Sometimes, the most boring assets are the biggest winners.”

Investors are observing closely to see if the round table of the SEC will provide clarity about the rethinking and the broader regulatory framework for cryptographic assets. A more defined regulatory environment could pave the way for greater adoption and new financial products linked to cryptographic assets.