Ethereum ETF Sparks Political Debate in the U.S.

Shiva Ganesh

The U.S. SEC has requested updates to 19b-4 filings for Ethereum ETFs, indicating potential progress towards approval.

Ether's price surged by 17% following the regulatory developments, reflecting increased chances of ETF approval.

Discussions suggest that the shift towards likely approval of Ethereum spot ETFs may have originated from higher powers within the Biden administration.

There is speculation on whether the approval of Ethereum ETFs could influence U.S. election outcomes.

U.S. Senator Elizabeth Warren has expressed concerns about cryptocurrency adhering to anti-money laundering rules as it becomes more integrated into the financial system.

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