According to BlockBeats, Matt Sigel, the head of digital asset research at VanEck, has suggested that the regulatory environment is undergoing changes and that the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, may be dismissed. When asked if Gensler had made any correct moves in terms of cryptocurrency regulation, Sigel firmly responded with a 'no'.
One of the reasons commentators are skeptical about the potential quick approval of a Solana ETF is because this cryptocurrency has not yet been included in futures ETFs. For instance, Bartosz Lipinski, CEO of Cube.Exchange, expressed that it would be surprising if the SEC allowed such a fund to be listed without requiring futures, as this seems to be a necessary step for Bitcoin and Ethereum spot ETFs.
However, Sigel does not believe this to be a prerequisite. He stated that the requirement for futures markets is a psychological tactic of Gensler's. This statement suggests a potential shift in the regulatory landscape and raises questions about the future of cryptocurrency regulation under the SEC.
