According to Odaily, Jan van Eck, the CEO of VanEck, has noted a significant shift in sentiment in the cryptocurrency market. This change is linked to the U.S. Securities and Exchange Commission's (SEC) approval of rule changes allowing Ethereum spot ETFs. 'This is indeed one of the most surprising things I've seen in my career in securities regulation. The U.S. Securities and Exchange Commission could indeed lose jurisdiction over digital assets. Therefore, our first reaction was to get approval for the Ethereum (spot) ETF, but I think there are bigger reasons,' said Eck.
Eck also mentioned the '21st Century Financial Innovation and Technology Act' passed by the House of Representatives on May 8th as another significant step towards clearer cryptocurrency regulation. However, he expressed doubts about whether the bill could enter the Senate before the general election.
