SEC Chairman Gary Gensler recently discussed the topic of cryptocurrencies, particularly focusing on Ethereum ETFs. During an appearance on CNBC’s Squawk Box, Gensler shared his insights on the matter.
In his statement, Gensler mentioned that the process of approving Ethereum ETFs would likely take some time. He highlighted the differences between cryptocurrency exchanges and traditional exchanges like the NYSE, noting that the former often engage in practices that would not be permitted in the latter.
Gensler’s comments suggest that the approval process for ETH ETFs, specifically the S-1 approval, may progress slowly. This development has sparked discussions and speculations within the cryptocurrency community.
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