Ethereum
SEC Chairman Gensler Says Ethereum ETF Review ‘Proceeding Smoothly’
Chairman of the American SEC Gary Gensler underlined on Tuesday the smooth running of Ethereum ETF filings, indicating that the final decision rests with asset managers to make full disclosures for the the registration declarations come into force.
Speaking at the Bloomberg Invest Summit, he said: “I don’t know the timing, but everything is going well,” when asked about the possibility of seeing a Ethereum ETH/USD ETF in the coming weeks.
He said: “It’s really about asset managers fully disclosing their information so that these registration statements can be effective.”
The SEC chairman noted that Ethereum futures ETFs are already available and went live last year.
However, the potential introduction of a spot Ethereum ETF has generated considerable excitement within the crypto community and financial markets.
Gensler was also asked about the growing political discourse around cryptocurrency, particularly the former president’s comments. Donald Trump.
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Asked whether this political momentum surprises him, Gensler reiterated its role as a securities regulator, focused solely on protecting investors and ensuring market integrity.
“I don’t talk about elections,” when asked about the intersection of cryptocurrency and the upcoming presidential election, former President Trump’s growing support for cryptocurrencies, and criticism from figures such as Marc Cuban.
“I really look at my role as a securities regulator, as the chairman of this large agency of 5,000 people that oversees $120 trillion capital markets. We are here to monitor investors, monitor issuers and, when necessary, be a cop on the ground,” he said.
Republican presidential candidate Trump has expressed his support for cryptocurrency, promising to advocate for Bitcoin mining and accept political donations in crypto.
At a recent event at Mar-a-Lago, Trump criticized President Joe Biden’s stance on digital assets, promising to end what he called Biden’s policies. “Crusade to Crush Crypto.”
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