With Donald Trump’s election, a crypto-friendly regulator may replace SEC Chair Gensler, opening the door for staking rewards on spot ETH ETFs.
With the landslide victory of President-elect Donald Trump, it would appear that the days are numbered for Gary Gensler, chair of the United States Securities and Exchange Commission (SEC).
Market and political observers anticipate that Trump will anoint a new head of the commission, a shift that could enable spot ETH ETFs to offer staking rewards and subsequently raise Ether (ETH) price.
Trump has made a lot of big promises to the US crypto industry. One of which was to fire Gensler “on day one” in his new administration. But this is easier said than done.
