Ethereum

Cryptocurrency

Gary

Spot

Cryptocurrency journalist Eleanor Terrett recently shared some thoughts on the approval of Ethereum spot ETFs by the Securities and Exchange Commission (SEC).
Once-high optimism about the SEC approving Ethereum spot ETFs by May 23 is now waning, according to the journalist.
In recent weeks, meetings between companies, asset custodians and the SEC have been largely one-sided. Companies and custodians are trying to mobilize SEC officials to start the process, but officials are not stepping in in any meaningful way as they did with Bitcoin spot ETF applications.
The reason behind this lack of engagement is believed to be due to the SEC's dissatisfaction with the approval of Bitcoin spot ETFs. SEC chairman Gary Gensler reportedly believes he has already pacified the industry with this approval.
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-we-are-entering-the-big-token-unlock-week-there-are-37-altcoin-unlocks-here-is-the-day-by-day-hour-by-hour-list/" target="_blank" rel="noopener noreferrer nofollow">Watch Out: We Are Entering the Big Token Unlock Week, There are 37 Altcoin Unlocks - Here is the Day by Day, Hour by Hour List</a>
However, this was not well received by everyone. Influential anti-crypto politicians, including Senator Elizabeth Warren, are angry at the SEC for approving Bitcoin ETFs in the first place. They oppose the same thing happening to Ethereum.
It seems difficult to evaluate the SEC staff's stance on this issue. “We're not sure anyone really knows what's going on in his head. But if they're going to have a chance they're going to have to start working soon,” a source told Terrett.
With just over 2 months until May 23, time is running out for Ethereum spot ETFs to be approved.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptocurrency-journalist-reveals-optimism-is-starting-to-fade-for-ethereum-spot-etfs-insider-source-speaks/" rel="noopener noreferrer nofollow">Cryptocurrency Journalist Reveals “Optimism Is Starting to Fade” For Ethereum Spot ETFs: Insider Source Speaks</a>

Cryptocurrency Journalist Reveals “Optimism Is Starting to Fade” For Ethereum Spot ETFs: Insider Source Speaks

Bitcoin Sistemi EN

Other articles published on Mar 10, 2024

What Is The Name Of The Cash App Bank, And What Is Its Address?

GALA Coin’s Price Surge: What’s Driving the Increase?

Bill Morgan predicts XRP could surpass $3.4 amid legal clarity

Top Altcoin Trend To Watch : AI, Gaming, and Meme Coins

Bitcoin’s Price Surge and the Rise of Precious Metals

Shiba Inu Soars to Top Ten Cryptocurrencies by Market Cap

Join our free newsletter for daily crypto updates!