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

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