Bernstein: The SEC's approval of Ethereum ETFs is more pragmatic and can avoid legal disputes

ChainCatcher news, Bernstein analysts stated that after U.S. President Joe Biden vetoed the bill to repeal SAB 121, the credibility of the changing political narrative behind the approval of the Ethereum ETF by the U.S. SEC has unexpectedly decreased. They added that Biden's veto of the repeal of SAB 121 indicates that the U.S. SEC's decision is more pragmatic to avoid legal disputes.