Joseph Lubin claims that the approval of Ethereum ETFs is evolving into a significant political concern.

Early-stage applications to launch Ether exchange-traded funds (ETFs) in the United States are almost guaranteed to be approved, according to ConsenSys CEO Joseph Lubin. In an interview with Cointelegraph, Lubin revealed that several firms, including BlackRock, have filed 19b-4 applications with the U.S. Securities and Exchange Commission (SEC), and he believes they will be approved. However, he also acknowledged that the process of launching these ETFs to the public may take longer. Lubin also mentioned that representatives from Donald Trump’s presidential campaign have been engaging with cryptocurrency ecosystem participants for over two months, suggesting a growing interest in the sector. He stated that the SEC is under increasing pressure to adopt a more neutral stance as the U.S. presidential elections approach, and the potential approval of Ether ETFs could influence the SEC to become a “thoughtful regulator.” Lubin added that it would not be in the SEC’s best interest to negatively impact the portfolios of a significant portion of the voting public who hold digital assets.