Crypto prices jump on potential regulatory approval from Wall Street and government
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Crypto prices spiked thanks to potential approval of bitcoin/ethereum ETFs from Wall Street giant BlackRock.
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ETFs would allow mainstream finance to easily trade cryptos, marking a new era.
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The spike seems at odds with crypto's anti-establishment roots, but shows it now embracing regulation.
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SEC chair Gary Gensler floated allowing a relaunch of crashed FTX, boosting its token price.
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For most crypto owners, regulatory approval helps as it could pump prices higher.