"I think the biggest factor holding back the market is the fear of the SEC classifying certain crypto as a security...which would include EOS. " Since EOS wasn't selling in the US and how they've carefully crafted their offering, I don't see how SEC could rule on EOS being a security, and ETH having history and being so large, with so many tokens launched, I don't see how they could classify either. Can't debate that here, not a lawyer. That would be very bad if they did. I have thought of holding years, it is difficult to do, so many crosscurrents.
I think chances are it will not be labeled a security, but who knows. The fact that they haven't come out and stated anything yet tells me it may not be that simple.