Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Binance’s CZ Shares Claim That Coinbase Targeted Trump’s Crypto Project; Company Denies

July 13, 2025

What Capturing 20% Of SWIFT’s Volume Means For XRP

July 13, 2025

Chainlink breaks $15 – 4 factors backing LINK’s push to $20

July 13, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies

0
By Aggregated - see source on May 24, 2024 Regulations
Share
Facebook Twitter LinkedIn Pinterest Email

The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not undergo a public voting process by commissioners. This method of approval, as noted by James Seyffart, means any commissioner, such as Crenshaw, can request a review, though it would not alter the decision.

The lack of a public vote has raised questions about the political forces within the SEC. Seyffart highlights that while delegated authority is the norm for many decisions, the lack of transparency in this case leaves room for speculation about the commissioners’ stances. Per Seyffart, the absence of a detailed voting record obscures the political lines drawn during the approval process.

Gabriel Shapiro from MetaLeX commented on the procedural nuances, noting that only 19b-4s were approved, not S-1s, arguing that this technical distinction explains why Ethereum did not experience a significant price increase following the news and suggesting it could still be denied.

This community confusion led Bloomberg ETF expert Eric Balchunas to confirm that the approval process was standard and wouldn’t be “challenged in any meaningful way.” Balchunas reiterated that while the approval is final, the procedural method used was typical for the SEC. He suggested that the muted market reaction was due to the expected approval, especially after significant news earlier in the week.

The approval of Ethereum ETFs signifies a potentially positive outlook for future crypto ETF applications. However, the SEC’s delegated authority process has sparked discussions about the need for greater transparency from the SEC and the potential political influences behind such decisions.

The post No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies appeared first on CryptoSlate.

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance’s CZ Shares Claim That Coinbase Targeted Trump’s Crypto Project; Company Denies

July 13, 2025

Urgent appeal to help defend Tornado Cash’s Roman Storm and the right to financial privacy

July 13, 2025

Can Pi Network Price Hit $1 Again?

July 13, 2025
Leave A Reply Cancel Reply

What's New Here!

Binance’s CZ Shares Claim That Coinbase Targeted Trump’s Crypto Project; Company Denies

July 13, 2025

What Capturing 20% Of SWIFT’s Volume Means For XRP

July 13, 2025

Chainlink breaks $15 – 4 factors backing LINK’s push to $20

July 13, 2025

Will It Blast Through $125,000 Or Slip Back To $110,000?

July 13, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.