Happycoin.club - At a hearing before the US Senate Appropriations Committee, US Securities and Exchange Commission Chairman Gary Gensler said that spot Ethereum ETFs could be launched as early as this summer.

Some issuers are still going through the registration process. It goes smoothly,” Gensler explained.

During the meeting, one of Hagerty's senators criticized Gensler for developing a strict approach to the cryptocurrency industry, in which he believes the agency's "roadblocks" have encouraged American companies to go abroad.

You're not prioritizing rule making for areas that desperately need it,” Hagerty said.

I am pushing for a constructive set of rules for the crypto industry. This is an innovative industry. This is an industry in which the United States must lead.