Spot Ether ETFs will come down to a 5-person vote: Gensler the decider?

The upcoming decision on VanEck’s spot Ether ETF by the SEC is set for a vote on May 23, with the outcome potentially hinging on Chair Gary Gensler’s vote. Previously, Gensler's vote was pivotal in the approval of spot Bitcoin ETFs, which passed with a narrow 3-2 margin. The five SEC Commissioners, including two who are pro-crypto and two who are critics, will cast their votes, reflecting diverse viewpoints on cryptocurrency regulation and its impact on investor protection. The decision is clouded by ongoing debates within the SEC regarding the regulatory treatment of cryptocurrencies like Ether.