The United States SEC has issued a directive for various exchanges including Ethereum to swiftly update their 19b-4 filings.
SEC’s Ethereum classification questions complicate ETF approval prospects.Exchange Traded Fund , regulators have initiated new hurdles in the path forward.
The United States Securities and Exchange Commission has issued a directive for various exchanges to swiftly update their 19b-4 filings.These filings are submitted to the SEC for approval to ensure that any rule changes protect investors and maintain fair and efficient markets.Positive sentiments persist
This isn’t the first time the SEC has scrutinized Ethereum. Recently, the SEC’s questioning of Ethereum’s classification as a security has sparked significant speculation about the extent of the agency’s authority.“The U.S. is trying to disconnect from Ethereum.”, Senior Counsel at Consensys, in a separate episode of “Unchained,” claimed,
“If Chair Gensler gets away with misclassifying Ether as a security it’s really catastrophic in the United States.”Anthony Pompliano“If they approve the Ethereum ETF, they are approving the entire industry. This is the last dam to be broken.”According to AMBCrypto’s look at data by CoinShares, Ethereum was still experiencing bearish sentiment regarding the potential SEC approval of a spot-based ETF this week.
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