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Public Reaction to SEC Decision on Ethereum ETFs
5
Tom Emmer•New Jersey•Josh Gottheimer•Securities and Exchange Commission•SEC•Ethereum•Gary Gensler•Gensler•Bitcoin•Politico
Resolution / Starting Odds
Positive • 50%
Negative • 50%
Major financial news outlets and market analysis
Story
U.S. Lawmakers Urge SEC to Approve Spot Ethereum ETFs, Politico Reports
May 23, 2024, 01:02 PM
A bipartisan group of U.S. lawmakers, including Majority Whip Tom Emmer and New Jersey Democrat Josh Gottheimer, has urged the Securities and Exchange Commission (SEC) to approve spot Ethereum ETFs. The lawmakers sent a letter to SEC Chairman Gary Gensler, advocating for the approval of these ETFs to provide investors with regulated, transparent, and safe access to digital assets. The push comes as the SEC is expected to make a decision soon, with Gensler advising observers to 'stay tuned.' The approval of spot Ethereum ETFs would align with the treatment of Bitcoin ETFs, which have already been approved. Politico reports that the letter also mentioned other digital assets.
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Similar markets
Positive • 50%
Negative • 50%
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%
Approved as non-security • 33%
Approved as security • 33%
Rejected • 34%
Significant increase in ETH price • 33%
Moderate increase or stable ETH price • 33%
Decrease in ETH price • 33%
Highly Positive • 25%
Somewhat Positive • 25%
Neutral • 25%
Negative • 25%
Significantly increased volume • 25%
Moderately increased volume • 25%
No significant change • 25%
Decreased volume • 25%
Significant increase in Ethereum's price • 25%
Minor increase in Ethereum's price • 25%
No significant change in price • 25%
Price decline • 25%