The latest move that could potentially boost altcoins is likely the SEC’s recognition of staking.

This development has helped $ETH remain steady today and may open the door for a return of the staking/farming trend, which could drive altcoins (possibly a Staking $ETH ETF?).

However, legal recognition merely paves the way — the most crucial factor is still capital inflow. Given the current stance of the Fed, which remains stubbornly cautious and shows no sign of easing, most altcoins are still unlikely to see a significant rally anytime soon.