According to the Daily Planet, FOX Business reporter Eleanor Terrett posted on the X platform that optimism about the SEC’s approval of an ETH spot ETF before May 23 is waning. Meetings in recent weeks have been largely one-sided, with issuers and custodians trying to drum up SEC staff to move the process forward, but staff haven't really been engaged in a meaningful way, according to conversations with people familiar with the matter. .
Eleanor Terrett hears SEC Chairman Gary Gensler thinks he has calmed the industry by approving a BTC spot ETF.
Additionally, influential anti-crypto politicians such as Senator Elizabeth Warren are already angry about the US SEC’s approval of a BTC ETF and are opposed to a similar situation happening with Ethereum.
