The SEC's request for exchanges to update their form 19b-4 filings is influenced by the shifting political landscape and the upcoming presidential election.

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The SEC's request for exchanges to update their form 19b-4 filings is influenced by the shifting political landscape and the upcoming presidential election.

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It appears as though some of the politics of this may have changed rapidly," Balchunas told The Block, adding that crypto appears to be, in general, becoming a more politicized issue ahead of the upcoming presidential election. While he said he can't be completely certain, President Joe Biden's administration may be attempting to appear less obstinate regarding crypto
The Bloomberg analyst added that, similar to Biden potentially vetoing a bill overturning the SEC's move to establish certain accounting standards for firms that custody crypto, a denial of spot ethereum ETFs could possibly add fuel to the idea the current president's administration is anti-crypto.

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political implications of the SEC request for exchanges to update their form 19b-4 filings.

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Analysis of the SEC’s request for exchanges to amend form 19b-4 filings regarding ethereum ETFs