SEC Stresses Compliance for Approval of Spot Ether ETFs

SEC Chairman Gary Gensler emphasized that the approval and timing of any potential spot Ether ETFs hinge on the issuers’ ability to meet comprehensive regulatory standards. Gensler pointed out that thorough adherence to SEC guidelines is crucial for protecting investors and ensuring the integrity of the financial markets. This statement underscores the SEC’s cautious approach towards cryptocurrency ETFs and its commitment to ensuring that any such financial products offered to the public do not compromise regulatory objectives. Read more at Unchained Crypto