According to Odaily, Matthew Sigel, the head of digital asset research at VanEck, has stated that the likelihood of VanEck launching a Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission (SEC).
Sigel noted that cryptocurrency voters could play a significant role in the upcoming election. He pointed out that there has been a shift in the regulatory environment at the level of elected officials, with several Democrats voting in favor of cryptocurrency legislation.
Sigel also expressed agreement with recent comments made by SEC Chairman Gary Gensler that 'Ethereum applications are progressing smoothly.' He added, 'This might be the only time in three years that I agree with Gary Gensler's view.'