Debates on Approval of Ethereum ETF in the USA

Coinbase Chief Legal Officer Paul Grewal stated that there is no need for the US Securities and Exchange Commission (SEC) to approve Ethereum-based exchange-traded funds (ETFs). Grewal emphasized that Ethereum is a commodity owned by millions of Americans and that Ethereum futures contracts are already trading on regulated markets. Ethereum Foundation Investigation Following a secret investigation by state authorities, the Ethereum Foundation removed the Warrant Canary notice from its website, indicating that the foundation did not share confidential information with an institution. It was reported that the SEC is conducting a legal campaign to classify Ethereum as a security, and in this context, some crypto companies received court subpoenas. SEC and Ethereum ETF Evaluations After the transition to the proof-of-stake (PoS) system, SEC Chairman Gensler expressed that assets in the PoS system could be considered as securities. Additionally, it was reported that the SEC is hesitant to approve Ethereum ETF […]

Debates on Approval of Ethereum ETF in the USA

Coinbase Chief Legal Officer Paul Grewal stated that there is no need for the US Securities and Exchange Commission (SEC) to approve Ethereum-based exchange-traded funds (ETFs). Grewal emphasized that Ethereum is a commodity owned by millions of Americans and that Ethereum futures contracts are already trading on regulated markets.

Ethereum Foundation Investigation

Following a secret investigation by state authorities, the Ethereum Foundation removed the Warrant Canary notice from its website, indicating that the foundation did not share confidential information with an institution. It was reported that the SEC is conducting a legal campaign to classify Ethereum as a security, and in this context, some crypto companies received court subpoenas.

SEC and Ethereum ETF Evaluations

After the transition to the proof-of-stake (PoS) system, SEC Chairman Gensler expressed that assets in the PoS system could be considered as securities. Additionally, it was reported that the SEC is hesitant to approve Ethereum ETF funds and the final decision has been postponed until May 23rd. While some analysts believe that the SEC may have a negative view on the first spot Ethereum ETF applications, companies are waiting for the SEC’s decision by modifying their applications.

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