SEC Chairman Gary Gensler appeared on CNBC’s Squawk Field.
Answering questions on cryptocurrencies and Ethereum ETFs right here, Gensler mentioned:
“The subsequent step in Ethereum ETF approvals will take a while,” SEC Chairman Gary Gensler mentioned.
“Cryptocurrency exchanges do issues that the legislation would by no means enable the NYSE or conventional exchanges to do.”
Gensler’s touch upon ETH ETFs probably signifies that the S-1 approval course of will probably transfer slowly.
🚨NEW: @SECGov Chairman @GaryGensler says the subsequent step within the $ETH ETF approvals “will take a while,” presumably indicating a possible slow-walk of the S-1 approval course of. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
The information can be up to date as particulars turn out to be out there.
*This isn’t funding recommendation.