Ethereum
Dogecoin (DOGE) Creator Breaks Silence on Ethereum ETF By U.Today
U.Today – In a recent social media discussion, co-author Billy Markus offered his thoughts on the SEC’s upcoming decision regarding Ethereum-based exchange-traded funds. Responding to a skeptical post about the fate of ETH ETFs, Markus expressed a similarly pessimistic stance, implying that the current “compromised” state of the regulator has little value for possible approval.
Markus’ statement comes amid heightened expectations regarding the SEC’s legal position in the ETF discussions. Financial lawyer Scott Johnsson recently estimated that the legal classification of Ethereum will feature prominently in upcoming ETF decisions. He highlighted the regulator’s reluctance to approve shares of commodity trusts for Ethereum, citing concerns about their securities-like nature, something ETFs have not faced.
Current status of Ethereum ETFs
Markus’ remarks add to the skepticism surrounding the prospects of Ethereum ETFs, reflecting broader sentiment in the cryptocurrency community regarding regulatory hurdles.
Questions remain unanswered about the extent to which regulatory barriers will prevent mass adoption of Ethereum and altcoins, and whether there will be other investment opportunities.
There are also ongoing debates over the effectiveness and fairness of the regulatory framework, with proponents arguing for clearer guidelines and opponents criticizing excessive regulation.