Ethereum

James

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/james-evaluates-the-latest-ethereum-etf-approval/" data-wpel-link="internal">James Evaluates the Latest Ethereum ETF Approval</a> 
Bloomberg ETF Expert James extended his work hours and continues to evaluate the latest Ethereum ETF approval. It was truly a historic moment and likely ignited a new rally period for altcoins in general. So, what did James say last, and how does this event affect the <a href="https://en.coin-turk.com/wells-fargo-analysts-astonishing-xrp-coin-forecast-the-most-audacious-prediction-yet/" data-wpel-link="internal">XRP</a> case? 
<h2 style="text-align: justify" id="ethereum-etf-approval-complete">Ethereum ETF Approval Complete</h2> 
Many investors are comparing today with the Spot BTC ETF approval process, trying to understand why the funds are not immediately trading in the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">stock markets</a>. Normally, S-1 Form approvals for BTC also came immediately, and the ETFs started trading the next day. However, since the process was not completed in time, S-1 approvals will come in a few weeks, and ETH ETFs will not start trading immediately tomorrow. 
But the matter is fully settled, and James says the following on this; 
<blockquote> 
 “The approval was granted through delegated authority, meaning there will be no public commissioner vote. However, this also means that any commissioner (perhaps Crenshaw?) could technically object and request a <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">review</a>/vote. 
 Essentially, we do not know exactly what happened or who decided on which votes. But no matter the distribution, I would bet my life on it. Whether it’s 3-2 (as it was for Bitcoin with Gensler’s deciding vote) or 4-1. Crenshaw would have voted against based on her opposition to BTC ETFs. 
 Also, to be clear. Requesting a review does not change anything about the decision. They have been approved. This matter is settled. However, it could potentially give us more insight into what actually happened last week. I think the only possible reason could be political. 
 I say ‘it changes nothing’ because unless a majority of SEC commissioners agree on this decision, they would not allow the Trading and Markets division to write/issue this approval order through delegated authority.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-355107 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/james-eth-etf.png" alt="" width="657" height="695"> 
<h2 style="text-align: justify" id="what-will-happen-to-the-xrp-coin-case">What Will Happen to the XRP Coin Case?</h2> 
The SEC most likely had to grant the ETF approval due to political pressure. We agree on this. If the SEC is making a 180-degree turn and completing it within a week, it may also need to soften its stance on crypto cases. 
After Trump’s statements embracing crypto investors, it cannot be a coincidence that Democrats voted in favor of crypto in congressional votes. Moreover, following the ETH ETF approval, the legal battles against companies and foundations associated with Ethereum should also stop to avoid market turbulence. XRP Coin could also benefit from this potential peace. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/james-evaluates-the-latest-ethereum-etf-approval/" data-wpel-link="internal">James Evaluates the Latest Ethereum ETF Approval</a></h5>

James Evaluates the Latest Ethereum ETF Approval

Table of Contents

COINTURK NEWS

Other articles published on May 24, 2024

CatCoin Issues Legal Ultimatum to BitForex Over Token Withdrawals

PEPE Surges 175%: A Resilient Rally Defying Expectations!

Ethereum Prediction:Is the ETH ETF Craze Losing Its Momentum

Bitcoin Whales Buy Up $1.4 Billion Worth Of BTC Amid Heightened Volatility

Binance Burns Over $59B Terra Luna Classic (LUNC) Tokens

Why Investors Are Betting on BlockDAG: The Best Crypto for 2024 Amid Aptos Slowdown and Worldcoin...

Join our free newsletter for daily crypto updates!