U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler declined to preemptively reveal the agency's decision on Ethereum spot ETFs, advising observers to “wait and see.”

Around 4 a.m. on May 24, Vietnam time, we will hear about the SEC's Ethereum ETF decision.

Although he reiterated that the court's decision on ETFs had caused his agency to "shift" in its thinking, when asked by CoinDesk on Thursday what the agency was preparing to do in response. Specific applications in this anticipated cryptocurrency decision, he largely avoided.

“I have nothing to say about this application,” Gensler said outside the Investment Company Institute event in Washington.

“We work within the law and the way the courts interpret the law, and that's something I'm deeply committed to,” he said, after noting on stage at the event that the agency had responded to the law. responds to the DC Circuit Court of Appeals decision rejecting the SEC's approach to spot Bitcoin ETFs earlier this year.

The SEC, after weeks of silence, abruptly asked exchanges supporting spot Ether ETF applications to refile their 19b-4 forms with uniform language earlier this week. Those forms were filed with the SEC on Tuesday, and exchanges began publishing them online that night.

The SEC also appears to have begun engaging with potential issuers, as companies such as Fidelity and Grayscale re-filed updated S-1 forms this week.#eth‬ $ETH