Gary Gensler: Spot Ethereum ETF is under review by the US SEC

When asked in an interview with CNBC Squawk Box whether ETH could be a security or a commodity, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, did not directly state how ETH would be classified. Gary Gensler said: "I would say that the fundamental issue is how to ensure that American investors are protected. At present, they do not get the disclosures they need, and the intermediaries at the center of this fairly concentrated market are often conflicted and do things that we would never allow the New York Stock Exchange to do." The U.S. Securities and Exchange Commission has not yet made it clear whether Ethereum is a security, but Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission, insists that it is a commodity. For the spot Ethereum ETF that the issuer is applying for, Gary Gensler said that the matter has been submitted to the U.S. Securities and Exchange Commission for review.