A proposed law in the United States has sparked concern among crypto enthusiasts, as it could grant the president the authority to block crypto transactions. The law, which defines crypto assets broadly, would allow the president to restrict transactions between US individuals and foreign entities linked to terrorist organizations. This move has raised concerns about the potential for abuse of power.

Meanwhile, Ethereum is gaining traction, with its user base growing nearly ninefold since 2020. According to data from Bitwise, the number of daily active users on the Ethereum network has reached 2.25 million, up from just 250,000 in 2020. This surge in popularity has led asset manager VanEck to predict that Ethereum could reach $22,000 by 2030, driven by increasing adoption and the launch of spot Ethereum exchange-traded funds (ETFs).

However, SEC Chairman Gary Gensler has cautioned that the approval process for these ETFs is still ongoing and may take several months. While the regulator has approved several spot Ethereum ETF funds, they are not yet available for public trading. Despite this, the growth of the Ethereum ecosystem and the increasing interest from traditional financial market participants are expected to drive the cryptocurrency's value higher in the coming years.

In conclusion, the proposed law granting the president sweeping powers over crypto transactions has raised concerns about the potential for abuse of power. Meanwhile, Ethereum's growing popularity and increasing adoption are driving predictions of significant growth in the coming years. As the crypto landscape continues to evolve, it remains to be seen how these developments will shape the future of cryptocurrencies.