SEC Chairman Gary Gensler appeared on CNBC's Squawk Box.
Answering questions about cryptocurrencies and Ethereum ETFs here, Gensler said:
“The next step in Ethereum ETF approvals will take some time,” SEC Chairman Gary Gensler said.
“Cryptocurrency exchanges do things that the law would never allow the NYSE or traditional exchanges to do.”
Gensler's comment on ETH ETFs likely indicates that the S-1 approval process will potentially move slowly.
🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
*This is not investment advice.
