Cryptocurrency lawyer Jake Chervinsky says spot Ethereum ETF approval is unlikely to come this year.
Jake Chervinsky, a lawyer working on cryptocurrencies, made a statement on Twitter on March 2. in sharingthis year Ethereum ETF He said he was skeptical about his approval.
US Securities and Exchange Commission (SEC) The lawyer said that he faced many reactions despite the spot Bitcoin ETF approval and stated that the Ethereum ETF approval would further fuel this.
Stating that the SEC has many legal arguments to deny ETF approval Chervinsky, He wrote that rejection may occur despite a giant company like Blackrock.
Chervinsky, BlackRock has an excellent application track record and this SEC with partnership He said it was because he did it.
SEC should withdraw rather than reject BlackRock and other issuers, lawyer says will demand guesses.