VanEck: The probability of approval for Solana ETF will be higher if Gensler no longer serves as SEC chairman

According to a report from Golden Finance, Matthew Sigel, Director of Digital Asset Research at VanEck, stated that the likelihood of VanEck applying for the issuance of a spot Solana ETF largely depends on the outcome of the 20204 presidential election and whether Gary Gensler continues to serve as Chairman of the U.S. Securities and Exchange Commission (SEC). “Cryptocurrency voters are likely to play a significant role in this election. We have seen changes in the regulatory environment at the elected officials level. Several Democrats have voted in favor of legislation supporting cryptocurrencies.” Sigel agrees with recent comments from SEC Chairman Gary Gensler that ‘Ethereum applications are progressing well,’ adding, ‘This may be the only time in three years that I agree with Gary Gensler’s view.’