Why it appears Washington is becoming friendlier toward crypto ETFs under Trump
From cnbc.com Watch this video at https://www.cryptocraft.com/news/1353838-why-it-appears-washington-is-becoming-friendlier-toward.Attitudes on Capitol Hill toward exchange-traded funds and cryptocurrency may be changing. Teucrium CEO and CIO Sal Gilbertie told CNBC’s “ETF Edge” regulators are becoming “more friendly” under President Donald Trump versus the Biden administration. “It’s a completely different environment in Washington right now,” Gilbertie said on Monday. “It’s more welcoming towards innovation — especially in crypto… and that’s a relief for us.” Gilbertie’s firm oversees the Teucrium 2x Long Daily XRP ETF (XXRP) , which aims to return double the daily performance of the cryptocurrency XRP , according to the fund’s website. As of Tuesday’s close, the ETF is up 96% since its April 7 launch. Gilbertie said Teucrium’s role in pitching funds ha