Donald Trump

<ul>
 <li>The U.S. election results will decide which party controls the SEC and influences crypto ETF approvals.</li>
 <li>The cumulative total net inflow for all U.S. Bitcoin spot ETFs since listing is $17.40 billion.</li>
</ul>
The upcoming U.S. elections are set to significantly influence the regulatory landscape for cryptocurrency, particularly regarding crypto policy and the approval of crypto-related ETFs. With both the presidential and congressional races on the horizon, the balance of power within the Securities and Exchange Commission (SEC) could shift, impacting how the agency approaches these critical issues.
Jeremy I. Senderowicz, a leading ETF attorney at law firm Vedder Price, has emphasized the importance of these elections in determining which party will control the SEC. In a recent interview on ETF TV, he explained that the results of the U.S. presidential election are critical, as they will influence who is appointed as <a href="https://thenewscrypto.com/sec-approves-spot-ethereum-etf-marking-a-new-milestone-for-eth/" target="_blank" rel="noopener noreferrer nofollow">SEC commissione</a>r in the next administration. These commissioners play a pivotal role in the approval of financial products, including ETFs that focus on cryptocurrencies.
Jeremy I. Senderowicz <a href="https://etfgi.com/videos/2024/08/watch-jeremy-senderowicz-vedder-price-discuss-regulatory-changes-impacting-etfs" target="_blank" rel="noopener noreferrer nofollow">stated</a> that
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The upcoming election will essentially determine which party controls the Securities and Exchange Commission, and that can have a real impact on ETFs.”
</blockquote>
<h3 class="wp-block-heading" id="h-u-s-government-s-crypto-stance">U.S. Government’s Crypto Stance</h3>
Recently, the U.S. government has become more friendly toward the crypto sector, with popular support. Presidential candidate Donald Trump also appears to be more involved with cryptocurrencies. Additionally, Senator Cynthia Lummis of Wyoming introduced the Bitcoin <a href="https://thenewscrypto.com/us-senator-lummis-set-to-introduce-bitcoin-reserve-asset-bill/" target="_blank" rel="noopener noreferrer nofollow">reserve asset bill</a> at the end of July.
However, one of the key developments in view is the pending applications to offer ETF share classes of mutual funds. Senderowicz noted that election outcomes could be crucial for approving these products, including Solana ETFs.
Nate Geraci, President of the ETF Store, supports this view, noting that election outcomes could significantly impact the SEC’s stance on crypto ETFs and lead to a more favorable approval environment.
At the time of writing, the global cryptocurrency market cap has surged by over 2.55% in the past 24 hours, turning bullish. This positive momentum has come as Bitcoin has come back into the $61K zone following three days of consolidation.
This rebound reflects a broader upward trend in the market as major cryptocurrencies recover from recent fluctuations. The resurgence of Bitcoin is a notable highlight, signaling a short-term bullish trend in the coming days.
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/us-bitcoin-etfs-on-track-to-surpass-satoshi-nakamotos-btc-holdings/" target="_blank" rel="noopener noreferrer nofollow">US Bitcoin ETFs on Track to Surpass Satoshi Nakamoto’s BTC Holdings</a>

US Elections Set to Impact Crypto ETFs and SEC Regulation Says Attorney

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