Odaily Planet Daily News Cryptocurrency supporter Paul Atkins has been officially sworn in as chairman of the U.S. Securities and Exchange Commission (SEC). Crypto industry insiders expect that the cryptocurrency exchange-traded fund (ETF) landscape will undergo major changes soon, as Paul Atkins will handle the implementation of crypto ETF-related matters. It is reported that Paul Atkins is responsible for crypto ETF-related matters including:
1) Physical creation and redemption of spot Bitcoin and Ethereum ETFs;
2) Pledge spot Ethereum ETFs;
3) Approval of dozens of cryptocurrency-related ETF applications. (Coinstats)
Previous news, Bloomberg analyst Eric Balchunas said that this year there will be more than 70 crypto ETFs waiting for SEC review, covering a variety of assets such as XRP, LTC, SOL, Dogecoin and crypto derivatives.