! ! SEC Chairman speaks out! ! !

! ! SEC Chairman speaks out! ! !

The spot Ethereum ETF approval process is progressing steadily, and Gensler emphasizes that asset managers need to fully disclose. Although the timeline is not set, it is progressing smoothly. The SEC and issuers are processing S-1 documents, and analysts predict that the ETF may go live on July 2. Asset management companies such as BlackRock and VanEck are reviewing applications. Gensler is open to Ethereum ETFs, but JPMorgan is skeptical. Regarding the connection between cryptocurrencies and elections, Gensler did not comment, but said that existing laws are sufficient to regulate crypto securities. He also criticized the use of non-compliant tracks and defined some cryptocurrencies as securities.