Variant Chief Legal Officer: If the ETH spot ETF is approved, it means that the regulatory attitude has undergone a significant change after the two-house SAB 121 vote

Jake Chervinsky, Chief Legal Officer of Variant Fund, stated: "If a spot ETH ETF really gets approved, everyone I know who understands the regulatory situation in Washington would be greatly surprised. However, this does not mean it won't happen. This could imply that after the SAB 121 vote ends, there has been a significant shift in U.S. cryptocurrency regulation policy - something perhaps even more important than the ETF itself."