Golden Finance reported that Ethereum core developer eric.eth claimed on social media that Biden's veto of SAB 121 shows that the Democratic Party did not really make efforts to develop cryptocurrency. The approval of ETHETF is because the SEC has no reason to reject it. The Democratic Party's war on cryptocurrency is more intense than ever before.

coin Jiejie.com reports: Hong Kong securities exchange launched Asia's first Bitcoin and Ether coin exchange exchange-traded fund (ETF), allowing accredited investors outside Hong Kong to use it. Mainland Chinese investors face restrictions. These Spot Crypto Assets products have a physical function and offer two-way investment flexibility. Since their initial launch in late 2022, interest in virtual asset ETFs has risen. In the first quarter of this year, the average daily total trading volume of the three Crypto Assets futures exchanges reached HK$51.3 million (about US$6.5 million)

Coin Network reports: Consensys sued the SEC to seek to determine that ETH is not a security. Investment bank TD Cowen expects the landmark lawsuit to last for several years. The bank believes that Spot Ethereum ETF is unlikely to be approved before 2025. SEC Chairman Gary Gensler asked the court to decide whether ETH is a security or a commodity. The Northern District Court of Texas was deemed the least respectful to regulators

coin Jiejie.com reports: The American SEC (SEC) invited the public to comment on the changes to BlackRock's proposed Spot Ethereum exchange Exchange Fund (ETF), indicating that the highly anticipated financial product is under review. BlackRock, the world's largest asset manager, has been competing with other U.S. firms to launch Ethereum ETF in the U.S., but optimism from the U.S. SEC (SEC) to approve the proposal has waned.