Gary Gensler: Spot Ethereum ETF is under review by the US SEC

In an interview with CNBC Squawk Box, Gary Gensler, chairman of the US Securities and Exchange Commission, was asked whether ETH could be a security or a commodity. He did not directly state how ETH would be classified. Gary Gensler said: "What I want to say is that the fundamental issue is how to ensure that American investors are protected. At present, they do not get the information disclosure they need, and the intermediaries at the center of this fairly concentrated market are often in conflict and do things that we would never allow the New York Stock Exchange to do."

The US Securities and Exchange Commission has not yet made it clear whether Ethereum is a security, but Rostin Behnam, chairman of the US Commodity Futures Trading Commission, insists that it is a commodity. Regarding the spot Ethereum ETF that the issuer is applying for, Gary Gensler said that the matter has been submitted to the US Securities and Exchange Commission for review #BTC #ETH