以太币ETF倒计时！美SEC主席预计今年夏天最终批准

6月13日周四，美国证券交易委员会（SEC）主席Gary Gensler在周四的预算听证会上透露，备受市场瞩目的以太坊以太币（ETH）交易所交易基金（ETF）的最终批准流程预计将在今年夏天完成。Gensler主席表示，在对首批ETFs的初步批准之后，整个流程正在“顺利推进”，目前，这些基金的最终注册文件，即S-1文件，正在由SEC的工作人员积极处理中。

On Thursday, 13 June, at a budget hearing on Thursday, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), revealed that the final approval process for the market-famous ETH Exchange Fund (ETF) was expected to be completed this summer. President Gensler stated that after initial approval of the first ETFs, the entire process was being “ progress was being made towards ” and that the final registration documents for these funds, S-1 documents, were currently being actively processed by SEC staff.

一旦这些文件获批，新的以太币ETFs将能够上市交易，这将为投资者提供一种新的、易于交易的金融产品，使他们能够像之前比特币现货ETFs那样，通过持有实际的以太币来参与市场。尽管SEC此前一度阻止比特币ETFs的推出，联邦法院最近的裁定认为SEC处理不当，促使Gensler表态SEC将遵循法院的裁决，允许这些产品上市。

Once these documents are approved, the new ETA ETFs will be able to enter the market, which will provide investors with a new and easily traded financial product that allows them to participate in the market by holding actual ETFs, as was the case with the previous Bitcoin spot ETFs. Despite the fact that the SEC had previously blocked the introduction of Bitcoin ETFs, the Federal Court recently ruled that the SEC was mishandling, prompting Gensler to state that the SEC would comply with the court’s decision and allow the products to be marketed.

此消息发布后，以太币的价格反应相对平缓。

After the news was released, the response was relatively flat at the price of the talisman.

值得注意的是，摩根大通对于以太币之后进一步批准加密货币ETF持怀疑态度。摩根大通策略师Nikolaos Panigirtzoglou指出，美国证券交易委员会将大多数加密货币视为证券，这对进一步批准加密货币ETF产生质疑。Panigirtzoglou表示：

It is worth noting that Morgan Chase is skeptical about further approval of the encrypted currency ETF after the Tainote. The Morgan Chase strategist Nikolaos Panigirtzoglou states that the US Securities Exchange Commission treats most of the encrypted currency as securities, which calls into question further approval of the encrypted currency ETF. Panigirtzoglou says:

“鉴于以太坊是否应归类为证券尚不明确，SEC批准ETH ETF的决定已经有些过分了。我们不认为SEC会进一步批准Solana或其他代币ETF，因为SEC持有更强烈的观点（与以太坊相比），即比特币和以太坊之外的代币应该归类为证券。”

& ldquo; the SEEC’s decision to approve the ETH ETF has gone too far in view of the lack of clarity as to whether Taipan should be classified as securities. We do not believe that SEEC would further approve Solana or other ETF because the EC holds a stronger view (as compared to Etai) that Bitco and Etai’s currencies should be classified as securities. & rdquo;

在听证会上，Gensler主席面对ETH是否为商品的提问时，并未给出明确回答，保持了SEC对此问题的一贯模糊立场。与此同时，商品期货交易委员会（CFTC）主席Rostin Behnam在被问及同样问题时，明确表示ETH是商品。这一问题对于确定不同代币相应的美国监管机构至关重要，因为SEC将监管证券代币，CFTC将监管其余代币。

At the hearing, President Gensler did not give a clear answer to the question whether or not the ETH was a commodity, maintaining the consistent ambiguity of the SEC on the issue. At the same time, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, asked the same question, made it clear that the ETH was a commodity.

此外，Gensler还多次强调了大多数数字资产应被视为证券的立场，尽管他拒绝具体指出哪些代币属于证券类别，除了那些SEC在执法行动中已经明确列出的。他指出，那些属于加密证券的加密货币有义务向公众披露信息，而不是所有加密货币都属于加密证券，有些属于Behnam主席的监管范畴。

In addition, Gensler has repeatedly emphasized the position that most digital assets should be treated as securities, although he has refused to specify which tokens are in the securities category, except for those SECs that are clearly listed in law enforcement actions. He has pointed out that encrypted currencies that are encrypted securities have an obligation to disclose information to the public, not all of them are encrypted securities, some of which are under the supervision of President Behnam.

关于监管能力的差异，Gensler批评了该行业对SEC规则的“蔑视”，并指出与CFTC不同，SEC负责监督信息披露，所以CFTC目前并不完全具备监管基于披露的监管体系的能力。他提到，如果国会立法确实赋予CFTC更多监管加密货币交易的责任，CFTC目前仍然不具备监管加密货币市场的一些必要权力。他强调，CFTC缺乏那些使美国资本市场和衍生品市场强大的传统监管工具，如注册、托管、监控和监督，并表示CFTC需要更大的预算来加强这些能力。

With regard to differences in regulatory capacity, Gensler criticized the industry’s & ldquo; contempt for ” and noted that unlike the CFTC, the SEC was responsible for overseeing disclosure of information, so CFC was not currently fully equipped to regulate disclosure-based regulatory systems. He mentioned that, if Congress legislation did give CFTC more responsibility for regulating encrypted currency transactions, CFC still did not have some of the necessary powers to regulate the encrypted currency market. He stressed that CFTC lacked traditional regulatory tools that would strengthen the United States capital and derivative markets, such as registration, trusteeship, surveillance and supervision, and expressed the need for CFTC to strengthen those capacities with a larger budget.

在预测市场方面，Gensler主席和Behnam主席都对预测选举结果的合同持反对态度。他们的机构最近采取了行动来阻止此类合同，本纳姆主席明确表示，他们正在采取措施确保这类合同被禁止，因为“我们现在最不需要的就是将选举商品化”，并强调这样的行为“显然违反了现行法律”。

In predicting the market, both President Gensler and President Behnam were opposed to the contract for predicting the outcome of the election. Their agencies had recently taken action to block such contracts, and President Benham had made it clear that they were taking steps to ensure that such contracts were prohibited because “ the last thing we need now was commercializing the election & & rdquao; and stressed that such conduct & & ldquao; and that there was a clear violation of existing laws & & rdquao;