US SEC Driven by Politics, What’s Next for Crypto Regulation? James Seyffart

In an eye-opening interview at Consensus 2024 in Austin, Texas, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, talks with James Seyffart, Research Analyst at Bloomberg Intelligence, about the unexpected approval of a spot Ether ETF by the SEC. Seyffart reveals that political motivations may be influencing SEC decisions, suggesting that SEC Chair Gensler may have received a call from the Biden administration. He offers insights into when the spot ETH ETFs might launch and the implications for demand and prices. Seyffart also analyzes spot Bitcoin ETFs and forecasts future institutional demand, predicting which spot crypto ETF could be approved next. Tune in for an in-depth discussion on the evolving landscape of crypto regulation and market dynamics. Special coverage of Consensus is brought to you by Diamond Standard → https://bit.ly/DiamondStandardKitco

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00:00 Intro: Spot Ether ETF Approval
02:30 SEC's Political Influence
10:39 Ethereum ETF Launch Timeline
14:14 Ethereum: Commodity vs. Security
17:19 Ethereum & Staking
21:26 Demand
23:35 Price Direction
29:31 BTC & ETH's Original Ethos
37:05 Institutional Adoption
40:39 Speculations on Future Crypto ETFs

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