Consensys: Impact of SEC policy changes on ETH unclear
Bill Hughes, senior counsel at Consensys, says the SEC's recent approval of a spot ethereum (ETH) ETF has yet to have a concrete impact on ETH regulatory policy, as Consensys moves to sue the SEC in Texas over plans to treat ETH as a security and receives an enforcement warning for its MetaMask product. Hughes believes political pressure could influence SEC decision-making, but the exact impact remains to be seen. sec chairman Gary Gensler said it will “take some time” to approve the S-1 registration statement for spot ethereum ETFs, which are expected to launch on July 4th.
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