The US SEC, in an aggressive move, is looking to classify Ethereum as a security, shaking up the cryptocurrency world. This action, highlighted by subpoenas to several U.S. companies, dampens hopes for the approval of an Ethereum ETF, especially after recent green lights for Bitcoin ETFs. Amidst this backdrop, the SEC has also delayed its decision on the VanEck Ethereum ETF, casting further uncertainty on Ethereum’s status in the financial market.