Breaking: Ethereum ETF Staking Open For Reconsideration – SEC Commissioner

One of the major controversial considerations in the spot Ethereum ETF pursuit is the issue of ETH staking. One of the ultimate concessions that approved issuers have had to make is to forgo the plans for Ethereum staking. After major stakeholders have stopped talking about this, SEC Commissioner Hester Peirce just re-ignited hope for the product.

Ethereum Staking In ETFs a Possibility

Speaking in an interview with Zack Guzman, Hester Peirce stated that despite banning staking in ETF earlier, it is still a possibility. The United States Securities and Exchange Commission (SEC) approved Ethereum ETFs in a dramatic manner. This is evident that the landscape’s regulation is changing at a fast pace.

NEW: SEC Commissioner Peirce tells me Ethereum ETFs being able to stake could be open to reconsideration

“I think certainly something like staking, or any feature of the product … those are always open for reconsideration as far as I’m concerned” pic.twitter.com/SFUTPcX80z

— Zack Guzmán (@zGuz) July 17, 2024

Since Ethereum transitioned into Proof-of-Stake (PoS) through The Merge, staking remains the most important aspect of its operations. Allowing spot Ethereum ETF products to embrace this offering will help solidify its status in the industry overall. It will also help Wall Street investors to rake in more profit.

Though Commissioner Peirce is optimistic about this Ethereum Staking reconsideration, the timeline remains unknown.

This is a breaking story, please check back for updates!!

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