SEC Chairman Pressed to Approve Spot Ethereum ETF

A bipartisan group of House lawmakers called on U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to approve an Ethereum ETF for immediate delivery as the decision deadline nears.

SEC Chairman Pressed to Approve Spot Ethereum ETF Picture 1

Deputy Majority Leader of the US House of Representatives Tom Emmer along with French Hill, Josh Gottheimer, Mike Flood and Wiley Nickel said in a letter sent to Mr. Gensler on Wednesday, May 22 that the SEC should apply the 'principles'. 'rule' similar to the approval of spot Bitcoin ETFs earlier this year.

'Following the SEC's actions earlier this year, there was a natural progression to not only demonstrate consistency in applying the SEC's standards but also affirm the legal arguments that facilitated the decision about Bitcoin ETP spot'.

The SEC is nearing a decision on whether to approve or deny the VanEck Ethereum ETF application – the first of a series of other spot Ethereum ETF applications from BlackRock, Fidelity and others. other position.

Exchanges have been filing updated 19b-4 forms over the past few days as the crypto industry awaits news from the SEC.