Odaily News Variant Fund Chief Legal Officer Jake Chervinsky wrote today: "If the spot ETH ETF is really approved, everyone I know who understands the regulatory situation in Washington will be shocked, but that doesn't mean it won't happen. This incident means that the approval of the ETF may indicate that after the SAB 121 vote, the United States' cryptocurrency regulatory policy has undergone a major shift. This incident may be more important than the ETF itself." According to previous news, the bill to overturn SAB 121 was passed by the House of Representatives and the Senate on May 8 and May 17 of this month, respectively. Biden will make a final decision on the bill before May 28.