#ETHETFsApproved #EarnFreeCrypto2024

Ethereum Comment from the Former Chairman of the SEC: “Inevitable”

Former SEC chairman, Jay Clayton, commented that Ethereum ETF trading will be "inevitable" ¹ ². Here are some additional details:

- Clayton notes that Ethereum ETF approval comes in two steps: listing approval and product approval.

- Clayton thinks the approved listings bode favorably for the product, but there are still questions surrounding it.

- Clayton also noted the difference in approvals for Ethereum ETF and Bitcoin ETFs.

- The two underlying cryptocurrencies had different answers for whether they were securities or commodities.

- According to the CFTC and even current SEC chairman Gary Gensler, Bitcoin is a commodity. However, the SEC has not definitively said that underlying transactions in Ethereum are not securities transactions.. .. .