Regarding the much-watched Ethereum spot ETF approval process, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in an interview with Bloomberg today (26th) that everything is going well.
I don’t know the exact time (for the Ethereum spot ETF issuance), but it’s going well.
This month, Gensler said he expected the SEC to approve the final key document for the Ethereum spot ETF — the S-1 registration application — "sometime this summer." However, the tough-talking Gensler reiterated his concerns that most cryptocurrencies are securities and said that cryptocurrency platforms do not comply with SEC rules.
The American public does not get the proper disclosures required by law, but they need it.
Bloomberg analysts estimate it will be listed on July 2
Bloomberg ETF analyst Eric Balchunas, who has accurately predicted the issuance time of Bitcoin futures/spot ETFs, expected in mid-month that all eight Ethereum spot ETF applicants have submitted updated S-1 documents . He is optimistic that the SEC is likely to formally approve it next week. These ETFs have advanced their predicted listing date for Ethereum spot ETFs to " July 2. "
Ethereum returns to $3,400
In terms of market, the price of ETH has continued to rebound after hitting the bottom yesterday, and is now at $3,405, up 0.89% in the past 24 hours, making Bitcoin slightly weaker.
Avoid talking about the impact of cryptocurrency on the presidential election
It is also worth mentioning that as cryptocurrency has become an important issue in the US presidential election in November, Trump and Biden have recently been actively courting young votes from Web3. Gensler, who is regarded as the number one public enemy by the crypto industry and the community, was also asked today about the impact of cryptocurrency on the election. He was even asked about his opinion on NBA Dallas Mavericks owner Mark Cuban saying that Biden would lose the election because of him. .
Further reading: Mark Cuban: Biden may lose the presidential election because SEC Chairman Gary Gensler loses votes
Gensler declined to comment on sensitive topics related to the election, saying, "I don't talk about elections."
He then emphasized his role as SEC Chairman, reiterating that his primary focus is to maintain fair, orderly and efficient markets, regardless of the political climate.
"My role as a securities regulator, as chairman of this great agency that has 5,000 employees and oversees $120 trillion in capital markets, my role is to look after investors, look after issuers and, where appropriate, be a patrol officer. 's police.
