Forbes reporter Eleanor Terrett said on X that optimism about the SEC approving the $ETH spot ETF before May 23 is weakening.
“Meetings in recent weeks have been largely one-sided, with issuers and custodians trying to rope in SEC staff to move the process forward, but staff haven’t really been engaged in a meaningful way,” it said. As they did with the BTC spot ETF application.
It’s heard that the SEC chairman believes he has appeased the entire industry by approving a BTC spot ETF.
Additionally, influential anti-crypto politicians like Senator Warren are already outraged by the SEC’s approval of a BTC ETF and are rallying against the same thing happening with ETH.
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