Coinbase Executive Supports Ether Against the SEC's Attack on Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is facing significant pressure from U.S. lawmakers to refrain from approving the spot Ethereum ETF. The likelihood of Ether ETF approval has diminished as the SEC considers classifying the altcoin as a security. Despite these challenges, industry stakeholders have rallied behind Ethereum in solidarity amidst these unfolding developments.