According to a report by Decrypt, Matthew Sigel, Head of Digital Assets Research at VanEck, suggests that the likelihood of launching a spot Solana ETF varies significantly depending on the outcome of the presidential election and whether Gary Gensler continues as the Chairman of the U.S. Securities and Exchange Commission (SEC).
Sigel points out that cryptocurrency voters could play a crucial role in the election, noting that Washington’s regulatory environment is shifting towards supporting cryptocurrencies. He also mentions that if Ethereum-related products are approved for trading, it could help establish their commodity status, with Solana potentially benefiting from similar regulatory changes.
Tags:
SEC
Solana Spot ETF
VanEck
Election
Source link:
https://decrypt.co/238328/solana-etf-approval-odds-are-better-without-gensler-…
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Original article link:
https://www.bitpush.news/articles/6915662
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