The FIT21 bill passed with an overwhelming vote of 279 to 136. Now we just need to wait for the final result of the Senate.
The Ethereum ETF will be released before 4:00 a.m. Beijing time on May 24. According to Bloomberg analysts, there is a 75% chance of passing the SEC approval and a 25% chance of delay/failure.
I think it is very likely to be delayed. It will be delayed for 2 months to give the market some expectations. Then it will be passed at the end of September, and the Fed will cut interest rates at the same time.
