Ethereum

Bitcoin

<p>The post <a href="https://coinpedia.org/crypto-live-news/secs-ethereum-etf-approval-likely-to-avoid-legal-battle-not-political-pressure-bernstein/" rel="noopener noreferrer nofollow">SEC’s Ethereum ETF Approval Likely to Avoid Legal Battle, Not Political Pressure: Bernstein</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bernstein analysts Gautam Chhugani and Mahika Sapra have stated that the SEC’s approval of spot Ether (ETH) ETFs was a strategic move aimed at avoiding legal hurdles rather than responding to political pressure. The SEC had to encounter similar regulatory setups for both spot Bitcoin and Ether ETFs, necessitating a practical decision. Additionally, the analysts dismissed theories of political influence, highlighting President Joe Biden’s veto of the SEC’s SAB 121 repeal bill. Bernstein also reported that the Ether ETF applicants were surprised by the SEC approval, which was finalized on May 23. The eight approved issuers are now awaiting the SEC’s sign-off on their S-1 registration statements.</p>

SEC’s Ethereum ETF Approval Likely to Avoid Legal Battle, Not Political Pressure: Bernstein

CoinPedia News

Other articles published on Jun 4, 2024

MoonBag Soars As The Top Crypto Presale in June 2024, While Dogeverse and Avalanche Slip Up

Sail Beyond Ripple and Hedera with MoonBag Ship: The Best Crypto Presale in June 2024 Is Here!

Hamster Kombat ($HMSTR) Reaches 78M Players With 31M Daily Active Users

State of Wisconsin Investment Board Buys Over $160 Million Spot Bitcoin ETFs

Discover FatBoy: A win-win for gamers and crypto enthusiasts

Solana ETFs Could Spark SOL Meme Coin Surge, Says Expert

Join our free newsletter for daily crypto updates!