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In an interview with podcast host Peter McCormack, Cathie Wood, the CEO of ARK Invest, stated that cryptocurrencies have now become an election issue in the United States. This is why the proposed Ether exchange-traded fund (ETF) unexpectedly received approval for its key filing. Additionally, the House unexpectedly approved and passed FIT21.
She said, “If it had been approved in the usual manner, we would have received inquiries from the U.S. Securities and Exchange Commission (SEC). No one has received inquiries from the SEC before. Another thing that happened is that former President Trump’s attitude towards Bitcoin and cryptocurrencies has become more moderate. That week, he stated that he would accept campaign donations in the form of cryptocurrencies, which drew government attention.”
Tags: ARK Invest, Cathie Wood, SEC, Ethereum ETF, Trump, election
Source Link: https://www.coindesk.com/business/2024/05/29/cathie-wood-says-ether-etf-filing…
Note: The views expressed in this article represent the author’s opinions and do not constitute investment advice.
Original Article Link: https://www.bitpush.news/articles/6816381
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