Ethereum

Gary

Spot

Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer. 
Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty. 
<blockquote> 
 While Gensler said “through this summer,” Hagerty said “by the end of the summer.” 
 “I would dream sometime during this summer…” Gensler said in response. 
 “If you're telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.” 
 Gensler: “I would envision sometime over the course of this summer…” 
 Hagerty: “If you’re indicating to me that those applications will be approved by the end… <a href="https://t.co/zJiI3reNZT">https://t.co/zJiI3reNZT</a> 
 — Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1801267148200747500?ref_src=twsrc%5Etfw">June 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Along with Gensler, CFTC Chairman Rostin Behnam also speaks to the Senate Appropriations Committee. 
Both Gensler and Behnam were asked whether ETH is a commodity. 
The SEC chairman did not give a clear yes or no answer to the question of whether ETH is a commodity, maintaining his agency's ambiguous position on ETH. 
At the same hearing, CFTC Chairman Behnam answered “Yes” to the question of whether ETH is a commodity. 
As it is known, in May, the SEC approved applications called 19b-4 for spot Ethereum ETFs. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings. 
While market analysts thought that approval for S-1 applications for ETH ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions. 
Etheruem continues to trade at $3,518 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/good-news-for-ethereum-investors-from-sec-chairman-gary-gensler-he-set-a-date-for-the-final-approval-of-spot-eth-etfs/">Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!</a>

Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!

Bitcoin Sistemi EN

Other articles published on Jun 13, 2024

New Solana Memecoin Mommy Pepe (PEPEMOM) Will Explode 14,000% Within 48 Hours

President Biden announces picks for SEC, FDIC and Treasury leadership

Almost 10 Billion Dogecoin (DOGE) in 24 Hours: What's Happening?

Notcoin (NOT) Overtakes SHIB in Top Ranks as SHIB Volume Drops Dramatically

US Spot Bitcoin ETFs Turn Positive Again After Two-Day Net Outflow! Here are the Details

Statement from Terra CEO After the SEC-Terra (LUNA) Agreement "We are Disbanding!"

Join our free newsletter for daily crypto updates!