VanEck CEO: SEC Approval of Ethereum Spot ETF Could Mark a Historic Shift in Crypto Investment

2024-06-03 09:30:00

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ChainCatcher news, according to CNBC, VanEck CEO Jan van Eck stated that there is a significant shift in sentiment in the cryptocurrency market, which is related to the U.S. SEC's rule change allowing for the approval of a spot Ethereum ETF.

Eck said, "This is indeed one of the most astonishing things I've seen in securities regulation in my career. The U.S. Securities and Exchange Commission could indeed lose jurisdiction over digital assets. Therefore, our first reaction is to get the Ethereum (spot) ETF approved, but I think there are larger reasons."

Eck noted that the House's passage of the "21st Century Financial Innovation and Technology Act" on May 8 is another major step towards clarifying cryptocurrency regulation, although he expressed doubts about whether the bill could make it to the Senate before the elections.

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