Will Ethereum's classification as a security disrupt Web3 innovation?

economictimes.indiatimes.com:

Ethereum (ETH) is classified as a security, a spot Ethereum exchange-traded fund (ETF) might still be possible. The recent launch of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) was a positive step for the crypto industry, offering investors a clearer path to participate in the virtual digital asset class. This regulatory progress has fueled optimism within the crypto space, with many anticipating a similar green light for Ethereum ETFs in the near future.

The success of Bitcoin ETFs, alongside the ongoing price rally, has undeniably instilled a sense of excitement about the potential of Ethereum and the broader blockchain landscape.

Amidst these, the recent media reports about SEC reportedly investigating the Ethereum Foundation, coupled with the ongoing debate about Ethereum’s native token, ether (ETH)’s potential classification as a security, raises critical questions about the impact on Web3, the burgeoning decentralized ecosystem built on Ethereum's blockchain technology.

Ethereum, conceived by the visionary Vitalik Buterin in 2013, introduced a revolutionary concept: a decentralized platform for building smart contracts and decentralized applications (dApps). Its impact has been profound, fueling the