The US Securities and Exchange Commission (SEC) appears to be inching closer to the potential approval of an Ethereum ETF (exchange-traded fund).
SEC Commissioner Hester Peirce’s recent comments have fueled this speculative fire, hinting at a possible shift in the regulatory environment for ETH and other cryptocurrencies.
SEC Commissioner Talks Ethereum ETF Approval
Hester Peirce, often called “Crypto Mom” for her positive stance on cryptocurrencies, has highlighted the correlation between futures and spot markets in cryptocurrencies, which could influence the SEC’s decision-making process. Her insights come at a crucial time when the crypto community eagerly awaits the SEC’s verdict on several Ethereum ETF applications, with deadlines looming.
Although the SEC recently delayed several Ethereum ETF applications, Peirce pointed out that the agency’s approach to approving these products does not necessarily hinge on whether the underlying asset is a security
An Ethereum ETF approval could mark a significant milestone. Indeed, it could lead to greater mainstream adoption and investment in Ethereum and other digital assets.
