👀 Media: the campaign to re-elect U.S. President #JoeBiden has begun turning to crypto industry players for regulatory guidance in the past two weeks.

This dramatic reversal indicates the significant influence of the electorate that owns digital assets on the outcome of the election. Trump and Biden, who have spoken negatively about crypto in the past, are now looking to become industry-friendly.

That's why we see such a sudden approval of an #ETF on #Ethereum , which happened in contradiction to the classic procedure, said Katie Wood of #ArkInvest :

"If the ETF had been approved in the normal way, we would have gotten questions from the SEC ahead of time. But no one was getting those questions from the #SEC . Everyone was absolutely certain that the $ETH -ETF would fail."