Consensys CEO Joseph Lubin said early filings to launch an Ethereum exchange-traded fund (ETF) are "almost complete" in the US. Several 19b-4 filings by companies like BlackRock will be approved by the Securities Exchange Commission (SEC). However, their rollout to the public is likely to be longer and could drag on for a while, which is a huge US political issue.
Lubin also revealed that Donald Trump's campaign has been in contact with the cryptocurrency ecosystem for two months to try to develop a pro-cryptocurrency strategy. With the US presidential election approaching and the SEC under pressure to take a neutral stance, the approval of the ETH ETF could make the SEC a "thoughtful regulator".
In addition, Consensys filed a legal action against the SEC in April against an undisclosed decision to classify ETH as a security. Lubin criticized current SEC Chairperson Gary Gensler's tougher regulation. Consensys has provided more than 100,000 pages of documents and is prepared to spend tens of millions of dollars in a legal battle against SEC regulation of MetaMask, staking, and the Ethereum protocol.
Consensys CEO: The approval of the Ethereum ETF has "huge US political issues"
2024-05-22 22:45:02
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