
US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances
Coinbase's legal chief Paul Grewal said the SEC risks facing legal battles if it decides against approving Ethereum ETFs.
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The Dencun upgrade is expected to have a significant impact on Ethereum's ecosystem, with an anticipated reduction in layer2 network fees.

Industry experts believe the odds of an Ethereum ETF securing approval in May have fallen significantly due to a lack of activity among relevant parties.

Over 5.5 million extra ETH would be in circulation under proof of work, inflation rate falls to -0.23%.

Ethereum's recent price rally has coincided with EigenLayer surpassing Aave in total value locked.

Rostin Behnam also told Congress that Bitcoin and Ethereum can only be considered commodities under the current regulatory frameworks.

SEC's hesitation on ETH ETF applications is threatening to overshadow Ethereum's price leap.



