SEC Signals Potential Delays for Spot Ethereum ETFs

Gary Gensler indicates a cautious approach, leaving final approval timelines uncertain for major asset managers.

• The SEC Chair noted that approval of spot Ether ETFs will 'take some time,' suggesting delays.
• Several major asset managers, including BlackRock and Fidelity, have received initial approval for 19b-4 filings.
• Unlike Bitcoin ETFs, the decision for Ether ETFs was made by the SEC's Trading and Markets Division.
• Gensler emphasized ongoing enforcement actions against crypto firms for non-compliance with traditional exchange regulations.
• The regulatory landscape for digital assets remains a focal point for upcoming industry events.

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