ARK Invest CEO and CIO Cathie Wood asserted on May 29 that the US SEC greenlit spot Ethereum ETFs for political reasons. At Coindesk’s Consensus 2024, Wood identified two developments that arguably influenced the SEC’s changing sentiment. First, she said the House’s recent passing of FIT21 defined crypto as an election issue. Secondly, she said […]
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Cathie Wood says ETH ETF approvals were political, praises El Salvador’s BTC approach