US: Joe Biden is also entering the cryptocurrency election race.

In just 2 weeks, the SEC has changed its mind and is now in favor of an ETH ETF.

It is a completely unprecedented situation, which means it's entirely political

Haseeb (Dragonfly) :

Biden is going to soften on crypto going into the election. He doesn't want to lose votes in a tight race for the presidency.

Not a total reversal, mind you... but Biden will soften enough that he won't lose the crypto vote wholesale.

President Joe Biden could score a win via the SEC approving spot ether ETFs.