Crypto Analyst Predicts "Tactical Breakout" for Ether After SEC Revokes Crypto Accounting Rule

According to a crypto analyst, the revocation of a crypto accounting rule by the US Securities and Exchange Commission could lead to a "tactical breakout" for Ether. This could potentially drive the expansion of DeFi services and position Ether as the backbone of the ecosystem. The rule, called SAB 121, required financial firms holding crypto to record them as liabilities on their balance sheets, and its revocation may present a buying opportunity for Ether. Predictions for Ether's next move point to a potential price of $7,000, and Ethereum co-founder Joseph Lubin believes that the Trump family may launch an Ethereum-based business.