The American Commission for Securities and Exchange (SEC) announcement A delay in his decision concerning the approval of the feature of ETHEREUM of the Grayscale active manager. This setback comes while the SEC awaits the confirmation of Commissioner Pro-Crypto Paul Atkins, whose appointment has not yet been finalized.
Sec postpones the implementation of the ETHEREUM ETHEREUM
On February 14, 2025, Nyse Arca, Inc. submitted a change of rule proposed to the dry, seeking to modify the rating and negotiation rules for the FNB ETF of Grayscale ETF Trust and Grayscale ETF ETF to allow to stimulate.
The proposal was published for public comments on March 3, 2025. Under the Exchange Act Securities of 1934, the SEC is required to act on such proposals Within 45 days, although it can extend this period for a good cause.
The initial deadline for the SEC decision was April 17, 2025, but the Commission has now extended this period until June 1, 2025 to allow an in -depth assessment of the proposal.
In a parallel decision, Fox Eleanor Terret journalist reported That the SEC also delays its decision on the opportunity to allow Wisdomtree and Vaneck to carry out creations and redemptions in kind for their ETF Bitcoin and Etfthem on June 3, 2025.
As Terret reported, the process in nature allows direct exchanges of underlying assets – Bitcoin and Ethereum – rather than converting them into species, which were previously mandated by the dry under the direction of Gary Gensler.
New era for crypto?
The delayed arrival of Atkins to the dry is partly due to the procedural stages which require President Trump approval and a formal oath. Although this sign occurred soon, it left the agency in a transitional state, with implications for the future of cryptographic regulations.
However, this change in the regulatory approach indicates a potential turning point for the cryptocurrency industry. Under the mandate of peopleler, the dry was criticized for its rigid, execution Towards cryptocurrency, which has stifled innovation and has created uncertainty for many market players.
Conversely, the expected arrival of Atkins, known for its pro-Crypto perspective, can announce a new era of more favorable regulatory conditions.
Atkins’ position could open the way to the approval of many ETF Altcoin deposited by various asset managers, aimed at providing wider exposure to cryptocurrencies like XRP, Cardano and Solana.
ETH, the second largest cryptocurrency on the market, is traded at $ 1,630 on Monday, up 6% on a weekly basis. Over time, the token is still down 15% after sale in February and March which saw the price of Ethn Fall around $ 1,380.
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