Justin Sun: “The American regulator will not approve spot ETFs for ether in May”
According to Justin Sun, it is still too early for exchange-traded funds linked to ether. If these investment products hit the market, the situation will be unpredictable, because, according to Sun, regulators are still poorly aware of the principles of how cryptocurrencies work. It is misunderstanding of the industry by regulators that may be delaying the launch of Ether ETFs in the United States, Sun is convinced.
“I highly doubt the SEC will approve spot Ether ETFs in May. The crypto industry must be prepared for regulators to take a long look at the cryptocurrency space, and we must help them better understand digital assets. We were always ready to do this, weren’t we?” Sun wrote on the social network.
The SEC previously sued the Tron Foundation, alleging that the crypto assets TRX and BitTorrent (BTT) are unregistered securities. Two weeks ago, the regulator tried to convince the court that Justin Sun's too frequent trips around the United States could be a good reason to continue the legal battle.
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