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International Business Times

Business

Marvie Basilan

Spot ETH ETF Approvals Have Become A 'Giant Political Issue': Ethereum Co-Founder

SEC Joseph Lubin ETF Ethereum Donald Trump Gary Gensler ConsenSys Bitcoin VanEck

More industry experts are seeing the approval of spot Ethereum ETFs as having become a political issue, considering recent Congress action and the upcoming elections. (Credit: Bybit/flickr.com)

KEY POINTS

Joseph Lubin also revealed that he heard the Trump campaign was trying to come up with a pro-crypto strategy
He expects some issuers to receive approval, but doesn't see a public launch anytime soon
Some Democrats have shown a more neutral view of cryptocurrencies

The much-anticipated decision of the U.S. Securities and Exchange Commission (SEC) on VanEck's application for a spot Ether (ETH) exchange-traded fund (ETF) is expected Thursday. While there is a general sense of optimism in the crypto industry, a co-founder of the Ethereum blockchain isn't expecting spot ETH ETFs to have the same journey as spot Bitcoin ETFs.

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