Jan van Eck, CEO of VanEck, said that there is a major mood shift taking place in the cryptocurrency market, which is related to the Securities Exchange Commission's approval of a rule change to allow Ethereum ETFs. This is truly one of the most amazing things I have seen with securities regulation in my career, Eck said. There is a real risk that the Securities Exchange Commission will lose its jurisdiction over digital assets. So our first reaction was to give the Ethereum ETF green light approval, but I think there is a bigger reason.
Van Eck said the 21st Century Financial Innovation and Technology Act, passed by the House of Representatives on May 8, is another big step towards clarity on cryptocurrency regulation, although he expressed skepticism that the bill would make it to the Senate before the election.
VanEck CEO: SEC ruling on Ethereum ETF could mark a historic shift in crypto investing
2024-06-02 22:56:26
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