I can't say but it depends on how ethereum community lobby SEC. Those motherfu**** are crook and they understand nothing than money
And you think people lobbying for the ETH ETF are different?
It's a story about the pot and the kettle, why would you lobby for an ETF unless its about money, if they would care about crypto it will all be not your keys not your coins, ETF are as far as decentralization could go, do you think Satoshi would be thrilled about the Bitcoin ETF?
Be honest!
If the ETF companies wait and continue to pressure them and they don't comply, I think the have to do it the conventional way of going to the court and because court is transparent and quick when it comes to actions of SEC activities, they don't have no choice but to approved Ethereum ETF quickly.
Again, no court can force the SEC to approve a new ETF!!!
The SEC is an independent federal agency, no judge can force an agency to take decisions, they can only force the SEC to stand by its own prior decisions.
So let's assume you have a gold ETF, you have the same paperwork as another company that gets rejected the other one is approved, you can go to court and force them to reevaluate your admission. Now let's assume you have a meme ETF, the SEC rejects it, and you CAN'T take the SEC to court of a first refusal!
To put it simply, you can take a police officer to court for handling a ticket if you think you weren't going that fast, but you can't sue the police in court for enforcing that limit, you need to take the road authority or the city council in court for that!
2. What I'm interested in is how the SEC would deal with large institutions like BlackRock if it rejects ETH Spot ETFs. At the same time, the SEC would no longer be able to continue refusing to talk about the nature of ETH.
They can do that as they see fit, as long as they don't approve a single one or let a single chapter of the application close they can go like this till 2100, again it's and independent body that by law has the right to regulate it, no court can force decisions on them unless they attack based on a precedent, and there is no such one!