Behind the approval of the Ethereum ETF is the balance between the U.S. Securities and Exchange Commission (SEC) and Wall Street. The achievement of this balance is largely attributed to the shift in U.S. policy, especially the passage of the FIT21 Act. Although the bill is mainly promoted by the Democratic Party, it reflects the overall shift in U.S. national policy.
At the same time, the continued leadership of companies such as OpenAI, Google and Nvidia in the field of AI has kept the U.S. economy resilient. Although this has made the Federal Reserve not eager to cut interest rates, it has also prompted U.S. policymakers to become more open, inclusive and encouraging innovation in high-tech (especially the blockchain industry closely related to AI). This change in attitude will undoubtedly accelerate the development of the blockchain industry, and the prosperity of the crypto industry may be coming soon.
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