Consensys: The impact of SEC policy changes on ETH is still unclear

Bitget2024/06/08 01:15

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Bill Hughes, Senior Legal Advisor at Consensys, stated that the SEC recently approved a spot Ether (ETH) ETF, but the specific impact of its ETH regulatory policy is not yet visible. Previously, Consensys sued the SEC in Texas, claiming it planned to treat ETH as securities and received law enforcement warnings for its MetaMask product. Hughes believes that political pressure may influence SEC decisions, but the specific impact remains to be seen. SEC Chairman Gary Gensler said it will "take some time" to approve the S-1 registration statement for spot Ether ETFs and expects these ETFs could launch on July 4th.

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