The Breakdown SHOCKER: Is the SEC About to 180 and Approve ETH ETFs?
May 22, 2024
This podcast discusses the potential approval of ETH ETFs by the SEC, implications of the FIT21 bill, political shifts in the crypto industry, and the impact of the Stand with Crypto Alliance on upcoming elections.
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Major Crypto Events
- Grayscale's CEO resigned, and a Goldman Sachs executive replaced him.
- Prometheus launched its Ethereum custody service, and JP Morgan's CEO announced his retirement.
Grunberg's Exit and Crypto
- Marty Grunberg's exit from the FDIC could end the weaponization of the banking system against crypto.
- This could significantly improve the operating environment for crypto businesses in the U.S.
SEC's Potential Shift on ETH ETFs
- The SEC's potential approval of ETH ETFs might signal a political shift, not a legal one.
- This appears to be a response to political pressure, not a change in their legal stance.