VanEck: If Gensler is no longer the chairman of the U.S. SEC, the chances of Solana ETF approval will increase

2024-07-03 21:55:57

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ChainCatcher news, according to Decrypt, VanEck's head of digital asset research, Matthew Sigel, stated that the likelihood of VanEck applying to issue a spot Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission. "Cryptocurrency voters are likely to play a significant role in this election. We have already seen changes in the regulatory environment at the level of elected officials. Several Democrats have voted in favor of cryptocurrency legislation."

Sigel agreed with SEC Chairman Gary Gensler's recent comments that "Ethereum applications are progressing well," adding, "This may be the only time in three years that I agree with Gary Gensler's viewpoint."

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VanEck Solana ETF Gary Gensler US SEC

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