SEC Chairman Gary Gensler recently discussed the topic of cryptocurrencies, specifically focusing on Ethereum ETFs during an appearance on CNBC’s Squawk Box. Gensler acknowledged that the approval process for Ethereum ETFs may be a slow one, noting that cryptocurrency exchanges operate in ways that traditional exchanges like the NYSE would not be permitted to do under current laws.
Gensler’s comments suggest that the S-1 approval process for Ethereum ETFs may face delays. This cautious approach by the SEC Chairman could mean that the process will take some time to move forward.
It is important to note that Gensler’s remarks should not be considered as investment advice. For those interested in investing in over 300 cryptocurrencies, Binance exchange offers a 20% commission discount for new registrations. Stay updated with the latest news, analytics, and on-chain data by following our Telegram and Twitter accounts.
