🦄 #UNI collapsed 15% amid news of SEC investigation

Yesterday, the US stock exchange regulator sent #UniswapLabs a notice of planned legal action.

😠 So far, the project's lawyers are fighting back and saying they don't meet the criteria of an exchange and the #SEC has no authority to regulate decentralized financial products.

Interested in your opinion on the increased SEC activity recently. What do you think it's related to?

#News

⚡️ Lawsuit filed against #SEC

The American Blockchain Association decided to strike back at the organization using its own weapon.

The lawsuit challenges the "dealer rules," and SEC is accused of "capricious rulemaking" and "misguided attacks" on the digital assets industry.

Finally, someone decided to fight back ⚔️

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

⚡️ The #SEC might approve an #ETF for #ETH on May 23

For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.

Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.

#CryptoNews #Opinion

💸 #Trump has opened cryptocurrency donations for his campaign, as promised

A wide range of cryptocurrencies are accepted for donations, including #memecoins. Whether Donald Trump accepts the #TREMP token is still unclear.

Meanwhile, the #SEC's shift on #ETH is being linked to the Democratic Party's attempt to win over the crypto community from Trump 🧐

#CryptoNews

#Opinion

🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)

In January, the approval for the launch of a #BTC ETF was published around the same time 💰

In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.

So, #ETH to the moon? 🚀

🔥 — yes
🌚 — no

😰 They barely approved the #Ethereum #ETF and they're already discussing a #SOL ETF.

However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.

Meanwhile, #ETH has managed to break through $3,900 🚀

#CryptoNews

⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer

Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."

Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳

#CryptoNews

⚡️ #SEC has terminated the investigation against #ETH

The regulator no longer claims that #Ethereum is a security 🥳

Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.

#CryptoNews