Crypto Entrepreneur Justin Predicts SEC Will Reject ETH Spot ETF

Justin Sun’s Take on Ethereum Spot ETF Approval
Hey there crypto enthusiasts! Today, let’s talk about Justin Sun’s views on the potential approval of Ethereum spot ETF applications in the US. Justin, known for his involvement in various crypto projects like Tron (TRX) and BitTorrent (BTT), doesn’t believe that the US regulators will give the green light to these ETFs in May.
It’s interesting to note that Justin, who once set his sights on diplomatic roles, is now back in the crypto world sharing his insights. According to him, the approval process for the ETH spot ETF might take longer than expected, emphasizing the importance of collaboration between the crypto community and regulatory bodies.

My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we’ve always been here, haven’t we?

— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 28, 2024

Recent developments in the ConsenSys vs SEC case have also had an impact on the odds of ETH ETF approval, with experts revising the chances to 20% in light of the new information.

Ethereum (ETH) Update

If you’re invested in Ethereum (ETH), you might want to keep an eye on its current trade price, which sits at $3,195, reflecting a 3.7% decrease in the last 24 hours.