Ethereum

James

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/james-evaluates-ethereum-etf-approval" data-wpel-link="internal" rel="noopener noreferrer nofollow">James Evaluates Ethereum ETF Approval</a><br></p>
<p style="text-align: justify">Bloomberg’s ETF expert James has offered an extensive evaluation of the recent approval of the Ethereum ETF, marking a significant milestone in the cryptocurrency sector. This development is expected to spark a new rally phase for various altcoins. But what are James’ latest insights, and how might this event affect the ongoing <a href="https://en.bitcoinhaber.net/xrp-ledger-enhances-capabilities-with-rippled-2-0-release" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> case?</p>
<h2 id="ethereum-etf-approval-completed">Ethereum ETF Approval Completed</h2>
<p style="text-align: justify">Many investors are drawing parallels between the current Ethereum ETF approval process and the previous Spot BTC ETF approvals. Despite the approval, the funds are not yet trading on the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">stock markets</a>, unlike the BTC ETFs, which started trading immediately after their approvals. The delay stems from incomplete procedural steps, with S-1 Form approvals expected to arrive within the next few weeks, delaying the ETH ETF trading.</p>
<p style="text-align: justify">James explained that the approval was granted through delegated authority, avoiding a public commissioner vote. This means that although any commissioner, like Crenshaw, could object and request a <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">review</a>, the approval stands as finalized. The absence of a public vote leaves ambiguity around the decision-makers and their votes, but James believes the outcome wouldn’t change even with a review.</p>
<h2 id="what-will-happen-to-the-xrp-coin-case">What Will Happen to the XRP Coin Case?</h2>
<p style="text-align: justify">Political pressure likely influenced the SEC’s approval of the ETF, suggesting a potential shift in the commission’s stance toward cryptocurrencies. The SEC’s rapid decision might signal a broader softening in its approach to crypto-related cases, possibly benefiting other cryptocurrencies like XRP.</p>
<p style="text-align: justify">Following pro-crypto statements from former President Trump and favorable votes from Democrats, it seems strategic for the SEC to ease its stance on legal battles involving Ethereum-associated entities to maintain market stability. This shift could also positively impact the XRP Coin by creating a more accommodative regulatory environment.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– The Ethereum ETF approval, though delayed in trading, marks a crucial regulatory milestone.<br> – Political dynamics are influencing SEC decisions, hinting at a softer regulatory approach.<br> – The legal climate for Ethereum and potentially other cryptocurrencies like XRP could improve.<br> – Investors should monitor political and regulatory developments closely for market implications.</p>
<p style="text-align: justify">In conclusion, while the Ethereum ETF approval represents a significant step forward, the broader implications for the cryptocurrency market, especially regarding regulatory attitudes and legal cases, remain critical areas to watch.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/james-evaluates-ethereum-etf-approval" data-wpel-link="internal" rel="noopener noreferrer nofollow">James Evaluates Ethereum ETF Approval</a></h5>

James Evaluates Ethereum ETF Approval

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