According to Odaily, Matthew Sigel, the Digital Asset Research Director at VanEck, has stated that certain financially influential entities have impacted the approval of Exchange Traded Funds (ETFs). These entities have caused a shift in the actions of the Securities and Exchange Commission (SEC). Sigel pointed out that banks are supporting the abolition of SAB121 because they see the funds available in the custody and trading of these digital assets. This indicates a growing recognition of the potential of digital assets within the traditional banking sector.