According to PANews, US House of Representatives members are urging the US Securities and Exchange Commission (SEC) to approve an Ethereum Exchange Traded Fund (ETF). The news was initially reported by Politico, a US political news website. The representatives believe that the approval of an Ethereum ETF could provide a significant boost to the cryptocurrency market. However, the SEC has yet to respond to this request. The commission has been cautious in its approach to cryptocurrency ETFs, citing concerns over market volatility and investor protection. This news comes amid a growing interest in cryptocurrencies and blockchain technology among US lawmakers. The push for an Ethereum ETF signifies a shift in attitudes towards digital currencies, which are increasingly being viewed as legitimate financial instruments. However, the SEC's decision will be crucial in determining the future of Ethereum and other cryptocurrencies in the US market.
