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US Will Soon Legitimize Betting on a Completely Made-Up Thing and Call It Investing

An illustration of a clock striking midnight with confetti falling from above as an American flag waves in the background, while on either side there's a giant 'E' made out of dollar signs. In front of it all stands a large Ethereum logo surrounded by tiny images of money bags and coins pouring into each other to form a never-ending stream. The scene is set against a bright blue sky with fluffy white clouds that resemble the shape of US states, while below there's an image of Wall Street in New York City bustling with activity as people rush towards it from all directions.

The inevitable has happened – more numbskulls have convinced themselves they’re going to get rich quick by investing in a currency made of thin air, courtesy of some algorithm on a computer. Meanwhile, those who actually understand economics will be left scratching their heads wondering how this charade continues to persist

Source: bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to ensure their registration statements become effective, allowing the ethereum ETFs to commence trading. The U.S. […]

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