Opinion: Ethereum ETF does not require US SEC approval, which is a positive signal for other cryptocurrencies

The US SEC has authorized the Ethereum ETF, which could have a significant impact on the cryptocurrency market. Unlike the Bitcoin ETF that required a public vote by the SEC in January, this approval did not go through the commission's public voting process. James Seyffart pointed out that this approval process means that any commissioner (such as Crenshaw) can request a review, but it will not change the decision.

The lack of a public vote has raised questions about the internal political power of the US Securities and Exchange Commission. Seyffart emphasized that while authorization is common for many decisions, the lack of transparency in this case leads to speculation about the commissioners' positions. Seyffart believes that the lack of detailed voting records hides political boundaries in the approval process.