Biden's campaign headquarters is catching up - actively negotiating with key players in the crypto industry.#TheBlockwrites about the fact of negotiations.

The article, funny enough, appeared on the day the White House announced Biden’s plans to send a delegation to the inauguration ceremony of the re-elected President of Salvador, Nayib Bukele, a world-famous Bitcoin maximalist.

Key points from The Block article:

- Biden's team has been receiving recommendations and developing digital asset policies over the past two weeks.

- The Biden administration is increasingly aware that issues surrounding cryptocurrencies could impact the presidential race, which is likely to be very tight.

- Insiders note a positive “shift” in the Biden administration’s rhetoric on cryptocurrencies.

- Trump and Biden, who have spoken negatively about cryptocurrencies in the past, are now seeking to become industry-friendly. 

Cathie Wood from Ark Invest, quoted by #Coindesk, believes that the market owes the sudden approval of spot Ethereum ETFs to this turnaround by the Biden Administration. Wood, as an executive at one of the issuers, notes that if the ETF had been approved in the normal way, they would have received questions from the SEC in advance. But none of the potential issuers received such questions from the SEC. Therefore, everyone was confident that applications for spot Ethereum ETFs would fail.

At the same time, Wood added that the SEC may approve the Solana ETF, but she doubts the approval of an ETF for meme coins.