VanEck Executive: U.S. SEC's 'Change of Hands' May Make or Break Solana Spot ETF
On July 3, Matthew Sigel, head of digital asset research at VanEck, argued that the likelihood of the Solana ETF's approval would increase if SEC Chairman Gary Gensler ceases to serve as chairman after the 2024 presidential election, Decypt reported.Sigel noted that cryptocurrency voters could play a key role in the election, and that the regulatory environment in Washington is moving in a pro-cryptocurrency direction. He also mentioned that Solana could benefit from similar regulatory changes if ethereum-related products are allowed to trade, which would help establish its commodity status.
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