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How will Ethereum trading volumes react to the SEC's ETF decision?
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Tom Emmer•New Jersey•Josh Gottheimer•SEC•Gary Gensler•Ethereum•French Hill•House Financial Services Committee•Bitcoin•Gensler•Politico
Resolution / Starting Odds
Significantly increased volume • 25%
Moderately increased volume • 25%
No significant change • 25%
Decreased volume • 25%
Cryptocurrency exchange data and financial news reports
Story
Bipartisan U.S. Lawmakers Urge SEC to Approve Spot Ethereum ETFs: Politico
May 23, 2024, 12:30 PM
A bipartisan group of U.S. House lawmakers, including Majority Whip Tom Emmer and New Jersey Democrat Josh Gottheimer, has urged SEC Chair Gary Gensler to approve spot Ethereum ETFs. The lawmakers, led by Rep. French Hill and including five members of the House Financial Services Committee, argue that the approval would provide investors with access to cryptocurrencies in a regulated and transparent format. This push follows the SEC's previous approval of Bitcoin funds, and the legislators believe similar approval for Ethereum ETFs is warranted. The letter to Gensler highlights the importance of offering regulated investment options for digital assets. The report was first covered by Politico.
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Similar markets
Positive • 50%
Negative • 50%
Significant increase in ETH price • 33%
Moderate increase or stable ETH price • 33%
Decrease in ETH price • 33%
Significant increase in Ethereum's price • 25%
Minor increase in Ethereum's price • 25%
No significant change in price • 25%
Price decline • 25%
Significant Positive Impact • 33%
Negligible Impact • 34%
Significant Negative Impact • 33%
Only Ethereum surges • 25%
Ethereum and Bitcoin surge • 25%
Broad market surge (multiple top cryptocurrencies) • 25%
No significant change in market • 25%
Increase over 10% • 33%
Decrease or increase less than 10% • 34%
Decrease over 10% • 33%
Approved as non-security • 33%
Approved as security • 33%
Rejected • 34%
Increase investments • 33%
Decrease investments • 33%
No change in investments • 34%
More strict regulations imposed • 33%
Regulations remain the same • 34%
Regulations relaxed • 33%
Significant surge in crypto market • 33%
Moderate increase • 33%
No significant change or decline • 34%