An under-appreciated potential impact of ETF ETP approval today —

Last week, the SAB121 CRA passed in no small part because of custody banks mad they were blocked from providing custody for the BTC ETPs. That vote came before the apparent 180 on Monday from the SEC re ETH ETPs.

With a second tranche of crypto products on the cusp of approval, do you think those same banks won’t make their voices heard to the White House, asking for a Biden signature, rather than a veto?

Dynamics are shifting quickly here in DC.