This week in the crypto world we saw Ethereum ETFs coming closer, MetaMask reach across the divide, and the White House open to crypto discussions.
Talk is cheap, bruh.
Ethereum ETFs on the Horizon
Ethereum ETFs look closer than ever after the Securities and Exchange Commission (SEC) approved a bunch of filings from the exchanges that want to host it. No one outside of ETF experts knows what 19b-4 filings are, and no one will care in a few weeks, but it seems like they’re the penultimate step on the Yellow Brick Road to ETFdom.
All that’s left now is for the SEC to approve some more forms, these ones called S-1 like some kind of cartoon spaceship, and the Ethereum ETF will be up and running.
Who’d have thought it?
MetaMask to Bridge the Divide
Ethereum and Bitcoin maxis look out—MetaMask might be about to unite you! The popular wallet maker might be on the verge of adding native Bitcoin support, following Bitcoin’s delving into the worlds of DeFi and NFTs. MetaMask hasn’t confirmed that this is going ahead yet but it seems like a sure bet, and one that will go down well with those who like Bitcoin and useful crypto wallets.
Some people will no doubt be pissed off, but they’re probably very unhappy people anyway.
White House Open to Crypto Discussions
The Biden administration let its mask slip this week when it revealed that it was open to discussions over a comprehensive crypto framework rather than just being dicks and banning everything in sight.
The move is perhaps not a surprise when considered alongside the success of the campaign to get Bitcoin and Ethereum ETFs, but it nevertheless represents a surprising step towards a more conciliatory attitude by the powers that have, to date, been firmly against crypto even having a presence in the country.
A long way to go, but a great first step.
