The crucial vote for the approval of Ethereum spot ETF may come from Gary Gensler
Based on previous historical experience, the fate of Ethereum spot ETF may be decided by a vote from Gary Gensler, the chairman of the U.S. SEC this week. In January this year, the approval of Bitcoin spot ETF was handled by a panel consisting of five members. Two members who are friendly to the cryptocurrency industry, Hester Pierce and Mark Uyeda, voted in favor of the ETF while Caroline Crenshaw and Jaime Lizárraga voted against it. Gensler also cast his vote in favor eventually; many industry insiders believe that his vote ultimately ensured the approval of Bitcoin spot ETF. The ETF was approved with a 3-to-2 voting result on January 10th, 2024.
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