The new chairman of the US SEC is expected to implement matters related to the pledged spot Ethereum ETF and the application of the altcoin ETF

Odaily 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 is about to undergo major changes, as Paul Atkins will handle matters related to the implementation of crypto ETFs. It is reported that the crypto ETF-related matters that Paul Atkins is responsible for include:
1) Physical creation and redemption of spot Bitcoin and Ethereum ETFs;
2) Pledge spot Ethereum ETF;
3) Dozens of cryptocurrency-related ETF applications have been approved. (Coinstats)
Earlier 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.