📢Blockchain industry news flash! U.S. SEC Chairman Gary Gensler will decide the fate of the Ethereum spot ETF this week. 🔮

Looking back at history, in January this year, the approval of the Bitcoin spot ETF was decided by a panel of five commissioners. Among them, Hester Pierce and Mark Uyeda, two cryptocurrency industry-friendly commissioners, voted to approve the ETF, while Caroline Crenshaw and Jaime Lizárraga voted against. 👍👎

Gensler finally voted in favor, and many industry insiders believe that his vote ultimately ensured the approval of the spot Bitcoin ETF. 🎉The ETF was approved on January 10, 2024 with a vote of 3 to 2.

And this week, the same five SEC commissioners will vote to approve or reject VanEck's Ethereum spot ETF on May 23. 📆

Let's wait and see what the fate of the Ethereum spot ETF will be! 🔥 (Cointelegraph)