Ethereum Spot ETFs Approved and More: What Happened in the Bitcoin Market from May 19-25?

The U.S. Securities and Exchange Commission (SEC) has approved spot Ether exchange-traded funds (ETFs) in the United States, giving implicit recognition that Ether is not a security. This approval is seen as a major step forward for the cryptocurrency industry.

The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the U.S. House of Representatives and is now heading to the Senate, where it faces an uncertain future. FIT21 proposes giving the Commodity Futures Trading Commission (CFTC) primary control over cryptocurrencies, which the industry views as a more lenient regulator compared to the SEC.

Former FTX CEO Sam Bankman-Fried (SBF) is now being held in an Oklahoma prison facility. The transfer came despite the judge's recommendation for SBF to stay in New York.

Professor Massimiliano Sala has warned that current encryption methods could be vulnerable to quantum computers, posing a risk to blockchains.

Former U.S. President Donald Trump has announced that his campaign will accept cryptocurrency donations.