Coin-Turk 38 minutes ago
44
The U.S. Securities and Exchange Commission (SEC) is currently evaluating a 19b-4 filing submitted by the Cboe Exchange. The application requests the addition of staking features to the 21Shares Core Ethereum 
$0.000245 ETF. Given the SEC’s previously negative stance on similar applications, there is considerable interest in how the agency will address this proposal.
SEC’s Stance on Staking
Historically, the SEC has expressed various concerns regarding staking practices. Due to investor protection issues and operational uncertainties, the agency has been hesitant to support staking systems. The ambiguity surrounding whether Ethereum is classified as a security or a commodity has further delayed the clarification of the regulatory framework.
In staking services, users lock their investments on a platform to receive certain returns. The SEC believes such services have the potential to mislead investors. Additionally, criticisms have been aimed at …
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet
