However, just like the drama involved before the BTC-ETF approval, am sure there can even be more for Ethereum as we know that SEC is holding the leash on this thing...and its chairman is quite adamant on his strong opposition on such a facility.
So can there be one within 2024? I am not actually so sure of that but it can be safe to predict there can be one in 2025 most especially if Gary Gensler will out from SEC.
If Trump wins in November, forget Gensler
![Cheesy :D](https://www.altcoinstalks.com/Smileys/default/cheesy.gif)
Within A Trump administration there would be a much more cryptos friendly SEC, but much more important a Trump administration would end
Operation Choke Point 2, just as they did with Operation Choke Point.
OPERATION CHOKE POINT 2.0: HOW U.S. REGULATORS FIGHT BITCOIN WITH FINANCIAL CENSORSHIP“The reason that we are focused on financial institutions and payment processors is because they are the so-called bottlenecks, or choke-points, in the fraud committed by so many merchants that victimize consumers and launder their illegal proceeds,” Bresnickat explained to the club. “We hope to close the access to the banking system that mass marketing fraudsters enjoy — effectively putting a choke hold on it…”
This concerted effort, later labeled “Operation Choke Point”, targeted a wide range of business categories, including ammunition sales, drug paraphernalia, payday loans, dating services, pornography, telemarketing, tobacco sales, and government grants.
“The clandestine Operation Choke Point had more in common with a purge of ideological foes than a regulatory enforcement action”, wrote Frank Keating, a former governor of Oklahoma who served in the DOJ during the Reagan administration, in a 2018 editorial for The Hill. “It targeted wide swaths of businesses with little regard for whether legal businesses were swept up and harmed. In fact, that seemed to be the goal.”
In 2017, the Trump administration’s DOJ wrote a letter to Congress indicating that Operation Choke Point was officially over.