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Ethereum Forum / Re: ethereum etf approved just now
« on: June 22, 2024, 05:21:46 PM »U.S. SEC Chairman Gary Gensler first commented on the Ethereum-ETF following the tool's approval, saying that the processing of applications will last “for some time.” Gensler also said that cryptocurrency exchanges “are allowing themselves to do things that the NYSE or other regulated exchanges are prohibited by law from doing.”
P.S. Don't forget the SEC is big on manipulating news. I wouldn't be surprised if in time it turns out that someone from their team was engaged in insider trading.
I suddenly wondered who or what group would be the biggest beneficiaries of this panic selling.
The main culprits and accomplices of this panic selling will use the Ethereum and altcoin squeeze as a good opportunity, and that's how it works.
However, people who sell just need to shut up and sell and get out, and people who hold just need to shut up and hold on strong.