VanEck: Solana ETF approval rate will be higher if Gensler is no longer SEC chairperson

Matthew Sigel, head of digital asset research at VanEck, said the odds of VanEck applying to issue a spot Solana ETF largely depend on the outcome of the 20204 presidential election and whether Gary Gensler remains chairperson of the Securities Exchange Commission. "Cryptocurrency voters are likely to play a significant role in this election. We have seen a shift in regulatory environments at the level of elected officials. Multiple Democrats voted for pro-cryptocurrency legislation."
Sigel agreed with SEC Chairperson Gary Gensler's recent comments that "the Ethereum application is going well," adding, "This is probably the only time in three years that I agree with Gary Gensler."