According to BlockBeats, on June 28, Matt Sigel, head of digital asset research at VanEck, said that he believed the regulatory environment was changing and that U.S. SEC Chairman Gary Gensler was likely to be fired. When asked if Gensler had done anything right in terms of cryptocurrency regulation, Sigel firmly answered "no".
One of the reasons commentators are skeptical that a Solana ETF might be approved anytime soon is that the cryptocurrency has not yet been listed in a futures ETF. However, Sigel believes this is not a requirement, stating that “the futures market requirement is a Gensler psychological tactic.”
