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Update: JSeyff and I increased our odds for Ether spot ETF approval to 75% (up from 25%), heard chatter this afternoon that the SEC could do a turnaround on this (an increasingly political issue), so now everyone is scrambling (as are we all others assume that they will be rejected). See Nate's tweet below for a possible sequence of events (but again we're capping it at 75% until we see more, such as renewal filings)
The European Union's AI Act, the world's first major AI regulation, has been approved and will come into force next month, setting out strict regulations and fines for AI implementation. $BTC $ETH $BNB
SEC Chairman Gary Gensler criticized the proposed Financial Innovation and Technology for the 21st Century Act (FIT21), arguing that it would exclude blockchain companies from securities regulation, thereby weakening investor protections.
Gensler warned that the move, backed by major crypto players and Donald Trump, would create regulatory gaps and limit SEC oversight. $BTC $ETH $BNB