Securities and Exchange Commission (SEC) CommissionerHester Peirce says that investing in Ethereum ETFs is open to reconsideration. In an interview with Zack Guzman , Peirce discussed the possibility of reconsidering the inclusion of staking in Ethereum ETFs, even though it was initially excluded from the proposals.
SEC may reconsider Ethereum ETF functions
She stressed that any product features, including staking, may be re-evaluated based on market needs and regulatory changes.
In an interview, Guzman said: “The only item that was rejected was staking. Of course, this was removed from the application beforehand.” “I wonder why this is the case, and whether any of this can change as we see the life of these products progress,” Guzman asked.
“There were product features that some people wanted to include in the product, but that didn’t happen. As far as I’m concerned, they can always be reconsidered,” Peirce stated.
The context of this discussion stems from the SEC’s earlier approval of Ethereum ETFs, which ruled out staking due to regulatory concerns. Peirce’s comments, however, suggest that the changing landscape of digital assets may prompt a reassessment of that decision.
The commission has approved Bitcoin ETFs, Ethereum ET Fs and has received applications from 21Shares and VanEck for their Solana ETFs.
Cryptocurrency regulation to be amended
Although the SEC has singled out the cryptocurrency industry and employed an “enforcement first” strategy of regulating cryptocurrencies, pursuing companies with merciless lawsuits, Patrick Daugherty, a partner at Foley & Lardner LLP, believes that change could come after the election.
Daugherty assumed that if former President Donald Trump takes the Oval Office, his pro-crypto stance will be significantly positive for the sector, as he has shown support, promised no central bank digital currencies (CBDCs) and insisted on the right to self-control .
Daugherty also indicated that if President Joe Biden wins the upcoming election, he will likely appoint a new SEC chairman to replace the currently opposed Gary Gensler.
