SEC Chairman: The speed of listing of spot Ethereum ETF depends on the issuer
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), said on Wednesday that the timing of the launch of a spot ETF linked to the cryptocurrency Ethereum largely depends on the issuer's response time to SEC inquiries. He said, "These registrants will all voluntarily respond to the feedback they receive, but the extent of their response actually depends on themselves." Gensler refused to disclose whether he believed the process would take weeks or months. Gary Gensler and SEC officials did not previously comment on why the SEC had a change of heart and approved the application for a spot Ethereum ETF, but he said on Wednesday that the lawsuit filed by Grayscale last year forced the SEC to approve the spot Bitcoin ETF in January, which affected the SEC's view on Ethereum.
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