According to Odaily Planet Daily, Jan van Eck, CEO of VanEck, said that the cryptocurrency market is undergoing a major shift in sentiment, which is related to the US SEC's approval of the rule change that allows Ethereum spot ETFs. He said: "This is indeed one of the most amazing things I have seen in securities regulation in my career. The SEC does have the possibility of losing jurisdiction over digital assets. Therefore, our first reaction is to get the Ethereum (spot) ETF approved, but I think there are bigger reasons." He also mentioned that the 21st Century Financial Innovation and Technology Act passed by the House of Representatives on May 8 is another big step towards clarifying cryptocurrency regulation, although he doubted whether the bill could enter the Senate before the election.
