US Securities and Stock Exchange Committee (SEC) Declare Delay in his decision regarding the approval of Ethereum atfs from the Director of Gray Assets. This setback comes at a time when the Supreme Education Council is waiting for the pro -Commission Commissioner Paul Atkins, who has not yet been appointed.
SEC postpones approval for Ethereum Atfs approval
On February 14, 2025, NYSE Arca, Inc. presented Change a proposed base to SEC, seeks to modify the grammar and trading rules in Ethereum Trust Etf and Grayscale Ethereum Mini Trust Etf to allow wandering.
The proposal for public comment was published on March 3, 2025. Under the Securities Exchange Law for the year 1934, the Supreme Education Council must work on this Proposals Within 45 days, although this period can extend for a good reason.
The original deadline for the decision of the Supreme Education Council was April 17, 2025, but the committee has now extended this time frame to June 1, 2025, to allow a comprehensive evaluation of the proposal.
In a parallel step, Fox Eleanor Terit journalist I mentioned The Securities and Stock Exchange Committee also delays its decision to allow Wisdomtree and Vaneck to make creations and loyalty by Bitcoin and Ethereum Spot Etf until June 3, 2025.
According to Terret, the in-kind process allows direct exchanges of basic assets-Pitcoin and ethereum-instead of converting it into money, which SEC had previously imposed under the leadership of Gary Gensler.
A new era for encryption?
Atkins’s delay in the Supreme Education Council in part is due to the procedural steps that require President Trump’s approval I swear an official. While this registration is expected to happen soon, the agency has left in a transitional state, with repercussions on the future of encryption organization.
However, this shift in the organizational approach indicates a possible turning point for the cryptocurrency industry. Under the duration of Ginsner, the Supreme Education Council was criticized for strict, The heavy position enforcement Towards the encrypted currency, which strangled innovation and created uncertainty for many market participants.
On the contrary, the expected arrival of Atkins, known for its pro -leasing perspective, may herald a new era of the most suitable organizational conditions.
ATKINS can pave the way for the approval of many investment funds circulating in Altcoin provided by various asset managers, which aims to provide the broader exposure of encrypted currencies such as XRP, Cardano and Solana.
ETH, the second largest encrypted currency on the market, is trading at $ 1630 on Monday, an increase of 6 % on a weekly basis. In the longest time frames, the distinctive symbol is still 15 % after the sales operations in February and March, which witnessed its price Eth About $ 1,380 decreased.
Distinctive image from Dall-E, Chart from TradingView.com
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