ChainCatcher news, according to CoinDesk, at a budget hearing on Thursday, when U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was directly asked whether ETH is a commodity, Gensler did not answer yes or no, but insisted on the agency's uncertain position on the asset. At the same hearing, when asked whether it is a commodity, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam replied: "Yes."

Previous news, the chairman of the U.S. SEC said that he expects the S1 application for the Ethereum ETF to be approved sometime in the summer.