In a mere seven days, we witnessed a complete reversal in the Spot Ethereum ETF verdict. Gensler, with his previous staunch opposition towards cryptocurrencies, adopted a more tempered stance and recognized that certain alternative coins should not be hastily labelled as securities. Subsequently, in a matter of days, a bill conferring the power to categorize pertinent altcoins as commodities onto the CFTC was successfully passed by the House of Representatives, garnering significant backing from the Democratic party.
