- Gensler also addressed the difficulties that DeFi presents to AML regulations.
- The spot 19b-4 files were approved on May 23 by the SEC.
During the summer, SEC Chair Gary Gensler anticipates the approval of Ethereum spot ETF S-1s. This follows prior conjecture on the S-1 launch window. In addition to the highly anticipated Ethereum ETFs, Gensler also addressed the difficulties that decentralized finance (DeFi) presents to anti-money laundering (AML) regulations.
The announcement by Gary Gensler that the spot ETH ETF S-1 is expected to be authorized this summer has sparked a range of emotions within the community. The SEC discussed several matters related to the agency’s function during its testimony before the Senate Appropriations Committee. Gensler brought up the timeline with Senator Hagerty when speaking to the legislators.
First Week of July
Ever since the spot 19b-4 files were approved on May 23, there has been an abundance of conjecture on social media platforms about the potential listing date of the Ethereum ETF. Gensler made a point of saying this month that the issuers, and not the SEC, would have final say over the listing timeline. He elaborated by saying it all comes down to how quickly they respond to feedback.
According to Gary Gensler, approvals might take some time, and experts like Eric Balchunas have forecast that it could take until the first week of July. Ethereum exchange-traded funds (ETFs) are attracting institutional investors to the market.
The price of Ethereum jumped significantly after the clearance of 19b-4 registrations. At the time of writing, ETH is trading at $3478, down 2.12% in the last 24 hours as per data from CMC. Bulls are predicting a rally despite the recent price fall since the market is anticipating the upcoming listing.
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