Variant CLO Predicts Major US Crypto Policy Shift If Spot ETH ETF Approved
CryptoNewsTerminal Staff21 May, 2024
Variant CLO Predicts Major US Crypto Policy Shift If Spot ETH ETF Approved
Jake Chervinsky, Variant's chief legal officer, recently tweeted that "if a spot ETH ETF is approved, it will shock everyone in Washington DC." While he acknowledges that it's not a guarantee, he believes it could signify a significant policy shift, especially following the passage of HJ Res. 109. This resolution aims to nullify the SEC's controversial accounting guidance for crypto custody (SAB 121). Chervinsky suggests that the broader implications of this shift could surpass the significance of approving a spot ETH ETF itself.
