Dogecoin Founder Questions Ethereum ETF Approval

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Dogecoin Founder Questions Ethereum ETF Approval

The wait is almost over for the crypto industry as the US Securities and Exchange Commission (SEC) prepares to deliver its verdict on applications for Ethereum-based exchange-traded funds (ETFs). With decision dates set for May 23rd and 24th for applications from VanEck and ARK Invest, respectively, anticipation is high, but skepticism lingers.

This skepticism is fueled by recent comments from Dogecoin co-creator Billy Markus, who expressed pessimism about the chances of approval due to the SEC’s “compromised” state. Markus’s remarks align with concerns raised by financial lawyer Scott Johnsson, who highlights Ethereum’s classification as a security-like asset, unlike Bitcoin, which has already secured ETF approvals.

“I don’t think it’s that important personally. The SEC is compromised anyway, nothing good will come out of it until the house is cleaned,” said Markus.

SEC Reluctance on Ethereum ETFs

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Dogecoin Founder Questions Ethereum ETF Approval