For Ethereum ETFs, SEC commissioner Hester Peirce strongly believes that the securities regulator would not repeat the same mistakes it made in the run-up to spot Bitcoin ETF approval.
Ethereum ETF Approval Might Come Without Hassle
Award-winning Web3.0 host Zac Guzmán interviewed Peirce to discuss the regulation of cryptocurrency. During their discussion, he asked the commissioner if Ethereum ETF filers would need to go to court before receiving approval from the SEC just as Grayscale had done. Peirce responded that the SEC would not need to “repeat same mistake” as it did before.
Popularly known as the ‘Crypto mom’, the commissioner went on to state that the agency would not need a court to explain that its approach is arbitrary and capricious before it gets things right this time around. In her opinion, the SEC has learned its lessons and they will stick to it as applications for Ethereum ETF kept coming in.
Before approving spot Bitcoin ETFs earlier this month, the SEC
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