Why does the SEC chairman insist on approving these spot $ETH products?

The regulatory status of cryptocurrencies seems to have changed dramatically. It all started with the vote on the FIT21 bill last Thursday. It can be said that this is the most substantive cryptocurrency legislation in the US so far. Biden also announced that he would not vote against it. Whether it is a helpless move or a political concession, the development of the crypto world is not pure. Meme is a man's gas station here.

The controversy over whether ETH is a security also has an answer with this resolution.

But not all the problems that followed were solved. The attraction of no pledge plus the decline in trading volume, instead of paying for management funds, wouldn't it be better to hand it over to the chain? But after all, it is recognized that the steps of American crypto regulation are the same as the days. It still has to be passed day by day, step by step, and can't be too big. Everyone understands. #现货以太坊ETF获美SEC批准