SEC "strongly suggests ETH is a commodity rather than a security" in its spot Ethereum ETF approval order

According to a report by Foley & Lardner LLP, Nate Geraci, the president of The ETF Store, stated that the most important development in the SEC's approval of the ETH spot ETF is that "the SEC strongly suggests that ETH is a commodity rather than a security." In addition, "the approval order indicates that cryptocurrencies can begin as securities and evolve into commodities over time."