Bernstein: The U.S. SEC's approval of Ethereum ETF is more pragmatic and can avoid legal disputes

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