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Coin Stories with Natalie Brunell
News Block: SEC Approves Spot ETH ETFs, Bitcoin Now a Presidential Campaign Issue, Crypto Regulatory Bill FIT21 Passes, House Bans Fed CBDC
May 24, 2024
11:14
Snipd AI
Topics covered include SEC approving spot ETH ETFs, Bitcoin entering presidential campaigns, passing of crypto regulatory bill FIT21, House banning Fed from issuing CBDC. Discussions on political shifts, lobby influence, Biden and Trump's stance on crypto, and implications of regulatory bills on cryptocurrency industry.
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Quick takeaways
- Political pressure influenced SEC's approval of Ethereum ETFs, highlighting politics' impact on crypto regulations.
- Democratic Party's anti-crypto stance shifting due to bank custody rule defiance, showing political dynamics in cryptocurrency legislation.
Deep dives
SEC Approves Ethereum ETFs After Political Pressure
The SEC's approval of multiple spot ethereum ETFs came as a surprise after initial expectations of denial. Political pressure, potentially from the Biden camp, preceded the sudden change in approval, with the SEC requiring amendments before granting the ETFs green light. This move showcases the impact of politics on crypto regulations and the evolving stance of the Democratic Party.
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