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Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan

Potential legal action against Robinhood should be viewed as a continued attempt by the SEC to reinforce its stance that all crypto tokens other than bitcoin and ether should be classified as securities, the report said.

JPMorgan says Robinhood's Wells Notice shouldn't be an obstacle to approval of a spot ether ETF. (Shutterstock)
JPMorgan says Robinhood's Wells Notice shouldn't be an obstacle to approval of a spot ether ETF. (Shutterstock)