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Following Trump’s pro-crypto rhetoric and actions, the Biden administration’s opposition to crypto as well as the attitude of the traditionally adverse Securities and Exchange Commission appear to have softened. Last Wednesday, the White House issued a statement expressing its opposition to the House of Representatives passing a crypto market structure bill, but didn’t threaten a veto. The House proceeded to approve the measure, which now heads to the Senate. Then on Thursday, the ether exchange traded funds (ETF) took a major step toward becoming available in the U.S. after the Securities and Exchange Commission approved key regulatory filings. Such an approval was seen as extremely unlikely just a month ago.
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