Gensler believes that Ethereum is ready to be approved as a stock asset as more issuers are registered in the US and everything is going smoothly and procedurally. If the Ethereum ETF is approved, trading could begin in July-August, but no later than late autumn.
Gensler was recently criticized by investment expert Senator William Hagerty. During a hearing on the issue of cryptocurrencies in the Senate Appropriations Committee, Hagerty said Gensler was hiding behind the sophistication of so-called innovations in cryptocurrencies and their controls, but did not actually develop any sensible rules to control this complex and rapidly evolving field. simply banning everything.
That’s why only 26% of the world’s mining companies are registered in the US, and a large number of crypto asset developers have left the country in the last five years.
Source: Ferra
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