Coin Edition -
- Crypto Investor Sees Softer US Stance on Crypto as Elections Near
- SEC Requests Updates to Ethereum ETF Filings, Boosting Approval Hopes
- Bitcoin Rallies, Ethereum Surges Ahead of Key US Vote on Crypto Regulation
Haseeb Quraishi, a prominent figure in the cryptocurrency community, has predicted that US President Biden will adopt a more lenient stance on cryptocurrencies as the 2024 election approaches.
This prediction has gained traction following the recent approval of a Bitcoin ETF, seen by some as an initial step in this direction. Quraishi’s tweet has fueled speculation that other regulatory agencies might also relax their approaches to cryptocurrency in the coming months.
Been saying for weeks that Biden is going to soften on crypto going into the election. He doesn't want to lose votes in a tight race over what is ultimately a minor issue to him.ETF is the first sign of this—I think we see other agencies also softening next few months.— Haseeb ＞|＜ (@hosseeb) May 21, 2024
Bitcoin recently experienced a 6.5% rise. Major cryptocurrencies like Ethereum and XRP are awaiting a pivotal vote in Washington next week that could have significant implications for the future of the US crypto industry.
As of today, Bitcoin is trading at $70,924.94, reflecting a 6.05% increase in the past 24 hours. Ethereum’s price has surged by 18.09%, reaching $3,655.40 over the same period.
Billionaire investor and Shark Tank personality Mark Cuban has issued a warning to President Biden regarding cryptocurrency regulation. US lawmakers are preparing for a crucial vote that could significantly shape the landscape of the cryptocurrency sector in the United States.
The SEC has requested updates to Form 19b-4 filings for spot Ethereum ETFs. These forms play a critical role in informing the SEC about proposed rule changes and must be approved before spot Ethereum ETFs can begin trading.
The SEC has asked exchanges that want to list and trade spot ETH ETFs to promptly update their 19B-4 filings.