The new chairman of the US SEC is expected to implement related matters such as pledging spot Ethereum ETFs and altcoin ETF applications

Odaily Planet Daily News: Cryptocurrency supporter Paul Atkins has been officially sworn in as the Chairman of the US Securities and Exchange Commission (SEC). Cryptocurrency industry insiders predict that the landscape of cryptocurrency exchange traded funds (ETFs) will undergo significant changes as Paul Atkins will handle the implementation of cryptocurrency ETF related affairs. It is reported that Paul Atkins is responsible for cryptocurrency ETF related affairs, including: 1) Physical creation and redemption of spot Bitcoin and Ethereum ETFs; 2) Pledged spot Ethereum ETF; 3) Dozens of approvals for cryptocurrency related ETF applications. （Coinstats） Previously, Bloomberg analyst Eric Balchunas stated that there will be over 70 cryptocurrency ETFs awaiting SEC review this year, covering various assets such as XRP, LTC, SOL, Dogecoin, and cryptocurrency derivatives.