Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.
ETHEREUM NEWS

Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.

By Crypto FlexsJune 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.
Share
Facebook Twitter LinkedIn Pinterest Email

ARK Invest CEO and CIO Cathie Wood claimed on May 29 that the US SEC approved the Ethereum ETF for political reasons.

In Coindesk’s Consensus 2024, Wood identified two circumstances that he suspects contributed to the SEC’s shift in sentiment. First, she said the House’s recent passage of FIT21 defined cryptocurrencies as an election issue.

Second, she said former US President Donald Trump was “much more familiar with Bitcoin and cryptocurrencies” around the time he made his decision on the spot ETH ETF.

Trump began accepting campaign donations in cryptocurrency during endorsement week, which Wood believes has caught the attention of Joe Biden’s administration.

Samsung Electronics suddenly changed its position

Wood said the U.S. SEC “will never approve” the various spot ETH ETFs pending before suddenly changing its stance.

If the SEC had approved the funds in the usual way, Ark and other issuers would have faced questions from the agency. But that’s not the case. Wood said:

“No one received any questions from the SEC in advance.”

However, on May 23, the SEC approved a rule change that would allow the listing and trading of eight spot ETH ETF funds, including the joint offering of Ark and 21 Shares.

Wood expressed mixed opinions on whether other cryptocurrency ETFs could also receive approval following the ETF’s approval. She said Wirehouses could accept ETFs linked to major cryptocurrencies, including Solana, but Memecoin funds were unlikely.

Bukele’s El Salvador Policy

The Ark Invest CEO also commented on El Salvador, praising the country’s Bitcoin policy after recently meeting with President Nayib Bukele.

Wood said Bukele’s handling of Bitcoin, AI and other areas could expand El Salvador’s GDP tenfold during his next five-year term. She described Bitcoin and AI as “two of the biggest economic and technological revolutions in history.”

She added:

“The President also jumped on the idea of ​​introducing ARK Educate’s curriculum on technologically enabled innovations to schools in El Salvador.”

The curriculum includes blockchain, AI, robotics, energy storage, and multinomics.

President Bukele is known for his various cryptocurrency policies. The government of El Salvador holds at least 5,700 BTC, has implemented a plan to mine BTC and generate revenue from local businesses, and has extended a citizenship offer to Bitcoin investors.

Mentioned in this article
recent Messiah story
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025
Most Popular

XRP Bull Target $1.50; These altcoins may also follow suit

January 8, 2024

Dave Ramsey’s team argues that cryptocurrencies are not a good investment and says they are ‘risky for a number of reasons.’

February 13, 2024

Mi Primer Bitcoin’s Global Expansion: Educating Thousands About Bitcoin (BTC)

August 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.