$ETH: Former SEC Chair Jay Clayton Says Only Stage 1 of Approval of Spot Ethererum ETFs Has Been Passed

On May 24, Jay Clayton, the former SEC chairman, appeared on CNBC’s “Squawk Box” to discuss the SEC’s approval (on May 23) of 19B-4 filings for several US-based spot Ethereum ETFs. Here are the key points from the discussion: Approval Process: Clayton clarified that there are two steps in the approval process for such products. […]