😱🫨Crypto company executive Chervinsky: Ether ETF approval would be a real shock for them
Jake Chervinsky, who is well known in the crypto world and has worked at many companies in this field, said that the approval of Ether spot ETFs by the SEC will cause a "real shock" for those who follow the process in Washington. Chervinsky also noted that the adoption of the regulation change law, known as SAB121, is actually a more significant development than Ether ETFs.
While the allegations that the SEC has started to change direction regarding Ether spot ETFs have brought an upswing in cryptocurrencies, industry managers have not remained indifferent to what has happened.
Jake Chervinsky, legal affairs manager of Variant Fund, a company that invests in early-stage cryptocurrency projects, evaluated the #ETH spot ETF developments.
"Washington is not waiting either”
Tweeting about the change of direction at the SEC, Chervinsky noted that the acceptance of ETF requests will also come as a shock to many people in Washington:
If the spot ETH ETFs are approved, it will also come as a shock to those who are closely watching the process in Washington. Of course, this does not mean that it will not be approved.”
"SAB 121 is even more important than the Ether ETF...”
Also referring to the passage of a law aimed at repealing SAB 121 in the House of Representatives last week, the lawman said::
"The arrival of the approval means that there has been a major change in the crypto policy of the United States. Especially after SAB121... I think this is a much more important development than ETFs”