📣 VanEck's CEO Calls for Cutting Transaction Fees
posted 10 Apr 2024
VanEck CEO Jan van Eck is championing a shift in focus towards decreasing transaction fees on Ethereum and Bitcoin, rather than pushing for another spot ETF. He argues that the unpredictable and often high fees significantly hinder both app developers and end-users.
My analogy for non-crypto people is, would you want to fill your car at $50, you know, week after week, and then one week at $600?Jan questions.
He points out that other blockchains, especially L2 solutions, provide more advantageous conditions. However, they have not yet captured the full attention of developers and users. He anticipates a significant uptick in innovative applications and the widespread adoption of these blockchains in mainstream projects once the focus shifts.
Additionally, VanEck CEO is skeptical about the approval of an Ethereum ETF in the upcoming May, attributing this to the U.S. Securities and Exchange Commission's (SEC) pattern of either ignoring filings from issuers or delaying them. This hesitancy likely stems from concerns over documentation and the transparency required for potential investors.
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