Opinion: Ethereum ETF does not require SEC vote approval, a positive sign for other cryptocurrencies

The US SEC approved the Ethereum ETF with a mandate, a decision that could have a significant impact on the cryptocurrency market. Unlike the Bitcoin ETF, which required the SEC to vote on approval in January, this approval did not go through a public voting process by commissioners. As James Seyffart points out, this approval means that any commissioner, such as Crenshaw, can request a review, but it does not change the decision.
The lack of a public vote raises questions about the political forces within the Securities Exchange Commission. Mr. Seyffart stresses that while delegation is the norm for many decisions, the lack of transparency in the case has led to speculation about the commissioners' positions. Mr. Seyffart argues that the lack of detailed voting records masks the political boundaries of the approval process.