Crypto Daily – The SEC Chair Gary Gensler announced that the approval process for Spot ETFs is progressing smoothly, with anticipated launch dates in July following a structured regulatory approach and recent legislative clarity.
SEC Chair Talks ETH ETF Approval
The U.S. Securities and Exchange Commission (SEC) is progressing smoothly with the approval process for the Spot Ethereum ETF, according to SEC Chair Gary Gensler. This development comes after the SEC announced the approval of eight spot Ether ETFs in late May. Speaking at the Bloomberg Invest Summit, Gensler stated that although the approval process is advancing well, the exact timing for the product launch remains uncertain.
Progress and Expectations
Gensler’s recent comments align with those he made earlier this month during a Senate Appropriations Subcommittee hearing on Financial Services. He confirmed that individual issuers are diligently working through the registration process, which involves…
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