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TechFlow reports, Bernstein analysts believe that President Biden's veto of the SAB 121 repeal bill weakens the argument for political motivation behind the SEC approving spot Ethereum ETFs. The SEC is more likely to take a pragmatic approach to avoid legal disputes with investors.
It is expected that the launch of spot Ethereum ETFs will bring in capital inflows, having a positive impact on Ethereum's price.
Bernstein analysts believe that President Biden's veto of the SAB 121 repeal bill weakens the political motivation argument for the SEC to approve spot Ethereum ETFs. The SEC is more likely to take a pragmatic approach, avoiding legal disputes with investors. After the launch of spot Ethereum ETFs, significant capital inflows are expected, which would have a positive impact on Ethereum's price.
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