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SEC Chairman Gensler Hints at Potential Delay in Ethereum ETF S-1 Approval Process

Jun 5, 2024, 02:09 PM

SEC Chairman Gary Gensler has indicated that the next step in the approval process for the Ethereum (ETH) ETF will take some time. This statement suggests a potential delay in the S-1 approval process for the ETF. Gensler made these comments during a CNBC appearance and reiterated them in a hearing of the HFS digital assets subcommittee. The delay follows a recent radical shift in the SEC's approach to the Ethereum ETF, with sources indicating that neither side was prepared for the changes. The information was reported by Fox reporter Eleanor Terrett on June 5, 2024.