En Resumen
Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See… https://t.co/gcxgYHz3om
— Eric Balchunas (@EricBalchunas) May 20, 2024
Me watching $ETH pump 20%+ in under 24 hours
Just getting started pic.twitter.com/f2ARpkAOj4
— Uncle ⌐◧-◧ (@UncleRewards) May 21, 2024
Interns and lawyers will get zero sleep this week and they will like it https://t.co/eXYgQ37jbN
— James Seyffart (@JSeyff) May 20, 2024
For anyone wondering why our odds were low up until yesterday, see below. This was a shock, a "holy sht" moment yesterday even for ppl inside the process. That said, props to @JSeyff for convincing me to stick with a 25% floor (as I wanted to go lower that's how deafening the… https://t.co/d9Xjt3nurN
— Eric Balchunas (@EricBalchunas) May 21, 2024
ETHEREUM ETF APPROVED pic.twitter.com/KGYFsRW5ZA
— gaut (@0xgaut) May 23, 2024
we really went from racing hamsters to getting the eth etf approved pic.twitter.com/63gKm4N3kc
— hersch 🪢 (@tittyrespecter) May 23, 2024
This week, this day, has been a rollercoaster unlike any other I’ve seen. ETH is effectively deemed a Commodity as we’ve always known it to be. I’m proud to be on team @Coinbase, the trusted partner and custodian for many of the issuers who had 19b-4’s approved tonight. pic.twitter.com/nz1HHFbBSQ
— paulgrewal.eth (@iampaulgrewal) May 23, 2024
FIT21 passes the House 279 - 136 🎉
House Democrats voting in favor of this bill: 71.
That is a *huge* number of elected Democrats voting "no confidence" in the current SEC, and sending a message to the Biden administration that "anti-crypto" is a losing platform this year. pic.twitter.com/zmlD1VRQfF
— Jake Chervinsky (@jchervinsky) May 22, 2024
man we have been psyopped so bad on this FIT21 thing
there has never before been a spot commodities market that is *regulated*...we are just handing this authority over wholesale to the CFTC and hoping they are not insane fascists like Gary (but he used to be head of CFTC lol)
— _gabrielShapir0 (@lex_node) May 22, 2024