The SEC's approval of an ETH ETF represents a significant change in its stance towards the crypto industry, hinting at a willingness to embrace certain aspects of cryptocurrency. However, this positive development is clouded by ongoing challenges.
Custodia Bank, among others, is facing issues linked to "Operation Chokepoint 2.0." This initiative appears to target the crypto sector, creating hurdles for industry players.
The Biden administration continues to exert pressure on the crypto industry, further complicating the landscape for entities operating within this space.
