Industry experts Scott Johnsson and Adam Cochran have raised concerns about the SEC’s recent actions. They questioned the approval of Ethereum Futures ETFs in October 2023, which came despite ongoing inquiries into whether Ethereum qualifies as a security. Their criticism underscores potential conflicts in the SEC’s regulatory approach. Both experts suggest that this contradiction could undermine investor confidence in the regulatory framework.
Johnsson criticizes the SEC for accelerating the effectiveness of ETFs. He argues that this move conflicts with the SEC’s duty to consider public interest and investor protection. Cochran supports this view, proposing that SEC Chair Gary Gensler testify under oath. He believes this would clarify the decision-making process behind the ETF approvals.
This controversy emerges amid the SEC’s broader scrutiny of Ethereum. The situation highlights a tension within the agency’s approach to cryptocurrency regulation. Experts like Johnsson and
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