Martin Auerbach of Withers emphasizes that Gensler’s approval doesn’t signify a change of heart. Gensler’s ongoing wariness towards crypto indicates a continued search for reasons to deny rather than approve, as per Auerbach.
What’s next for SEC crypto polic: Enforcement Shadows Linger
Gensler’s statement hints that the ETF approval doesn’t translate to a relaxation of enforcement against crypto firms. The spotlight remains on Coinbase, the custodian for eight of the approved ETFs, currently facing a registration suit from the SEC. Gensler asserts that the approval doesn’t endorse crypto trading platforms, leaving the fate of enforcement cases hanging in the balance.
What’s next for SEC crypto polic: The Ethereum Conundrum
As the crypto world eagerly awaits the SEC’s next move, attention turns to Ethereum. The deadline in May looms for an ETF holding ether, Ethereum’s underlying token. Experts believe ether is the next in line for an ETF, yet the SEC’s silence on its status poses a hurdle.
