According to Bloomberg, after Trump's victory in the presidential election, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, may resign, leading to a rebound in the previously regulated cryptocurrency market.
Under Gensler's leadership, the SEC has conducted a strict regulatory crackdown on the digital asset industry, including actions against multiple crypto companies and traders. 21Shares noted that this market reaction reflects optimistic expectations of regulatory easing under the new government. The Ethereum ETF has failed to achieve the same success as the Bitcoin ETF due to regulatory uncertainty. Northstake CEO Jesper Johansen stated that asset managers need to understand how to incorporate staking into the Ethereum ETF to achieve total returns. Currently, the $6 billion Ethereum ETF is not staked, resulting in a loss of economic opportunity.
