{"id":306347,"date":"2024-05-21T13:11:41","date_gmt":"2024-05-21T07:41:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=306347"},"modified":"2024-05-21T13:11:41","modified_gmt":"2024-05-21T07:41:41","slug":"will-the-u-s-sec-bypass-security-concerns-to-approve-spot-ethereum-etf-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-the-u-s-sec-bypass-security-concerns-to-approve-spot-ethereum-etf-crypto-news\/","title":{"rendered":"Will the U.S. SEC Bypass ‘Security’ Concerns to Approve Spot Ethereum ETF? – Crypto News"},"content":{"rendered":"

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As soon as the U.S. SEC asked issuers of spot Ethereum ETF<\/a> to submit their 19b-4 filings, the market was abuzz with the news that the likelihood of approval had increased considerably. So far, the uncertainty around Ethereum\u2019s \u2018security\u2019 status has proved to be a major roadblock for the ETF approval. However, with the SEC reaching out to issuers for 19b-4 filings<\/a>, the question arises whether the regulator is willing to bypass the previous concerns.<\/p>\n

SEC May Differentiate Between ETH and Staked ETH<\/h3>\n

Galaxy researcher Alex Thorn has weighed in on the speculation surrounding the SEC\u2019s stance on Ethereum ETFs. Thorn suggests that if the SEC is considering a reversal, they might distinguish between Ethereum (ETH) itself and staked Ethereum (stETH) or \u201cstaking as a service ETH\u201d as securities.<\/p>\n

<\/p>\n

Thorn notes that this approach could align with the SEC\u2019s ongoing court cases and investigations, potentially allowing the approval of Ethereum ETFs while maintaining the agency\u2019s previously stated opinions. This nuanced differentiation could pave the way for regulatory acceptance of Ethereum ETFs.<\/p>\n

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if the speculation about a 180 from SEC on the ethereum ETFs is true, i would guess they try to thread a needle between \u201cETH\u201d NOT being a security and \u201cstaked ETH\u201d (or even more flimsily, \u201cstaking as a service ETH\u201d) as BEING a security.<\/p>\n

that would be somewhat congruent with\u2026<\/p>\n

<\/p>\n

\u2014 Alex Thorn (@intangiblecoins) May 21, 2024<\/a><\/p>\n<\/blockquote>\n

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Crypto investor Anthony Pompliano has stated that the approval of an Ethereum ETF would mark a pivotal moment for the cryptocurrency industry. \u201cIf they approve the Ethereum ETF, they are approving the entire industry,\u201d Pompliano remarked, suggesting that such a decision would break the final barrier to widespread regulatory acceptance.<\/p>\n

However, questioning his euphoria surrounding the approval of spot Ether ETF, crypto enthusiast @AdamAssets writes: \u201cI can\u2019t imagine. ETH foundation so blatantly bucked at securities laws. Literally free pass for anyone to sell unregistered investment contracts from that point forward\u201d.<\/p>\n

ETH Price Action<\/h3>\n

<\/p>\n

Although the Ethereum price has rallied by over 20% in the last 24 hours, the volatility will continue until there\u2019s an official statement from the SEC.<\/p>\n

QCP Capital noted<\/a> that if the SEC approves the spot Ether ETF, the ETH price can easily rally past $4,000 and even further to $5,000. However, in the case of a denial, it could slip to $3,000.<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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As soon as the U.S. SEC asked issuers of spot Ethereum ETF to submit their 19b-4 filings, the market was abuzz with the news that the likelihood of approval had increased considerably. So far, the uncertainty around Ethereum\u2019s \u2018security\u2019 status has proved to be a major roadblock for the ETF approval. However, with the SEC […]<\/p>\n","protected":false},"author":2,"featured_media":280341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-306347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=306347"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306347\/revisions"}],"predecessor-version":[{"id":306354,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306347\/revisions\/306354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/280341"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=306347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=306347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=306347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}