Ethereum Designated As Commodity By CFTC, Triggering Regulatory Conflict With SEC

A recent development highlights the ongoing interagency drama between the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC): the classification of major cryptocurrencies has become a focal point of contention.  Once again, the CFTC has affirmed its position that Ethereum (ETH) and several other cryptocurrencies should be classified as commodities,…

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House GOP Pressures SEC To Clarify Ethereum’s Security Designation For Prometheum’s Custody

In a joint effort, Republican lawmakers led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson have called upon Securities and Exchange Commission (SEC) Chair Gary Gensler to provide further clarification on the agency’s stance regarding the custody of Ethereum (ETH) by Prometheum.  The lawmakers, including Representatives French Hill,…

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Ethereum Spot ETF On Thin Ice? Expert Predicts 25% Approval Odds Amid SEC Silence

The discussion surrounding approving a spot Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) is intensifying as the decision announcement date rapidly approaches. Bloomberg’s Senior ETF Analyst, Eric Balchunas, has shared a rather cautious outlook, estimating the likelihood of an ETH spot ETF receiving the green light at a mere 25%….

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Ethereum In Regulatory Hot Seat: SEC Security Classification Looms

The status of Ethereum, the world’s second-largest cryptocurrency, is shrouded in uncertainty as the US Securities and Exchange Commission probes the Ethereum Foundation. Industry insiders believe the investigation is aimed at classifying Ether (ETH), Ethereum’s native token, as a security, a move that could significantly impact the cryptocurrency market. Ethereum’s Regulatory Landscape: Recent Developments This…

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Fidelity Adjusts Ethereum ETF Application, Optimistic About Regulatory Approval

Spot Ethereum Exchange-Traded Funds (ETFs) may be witnessing a decline in approval odds, but there is still a wave of optimism among several financial management firms applying for the products. Fidelity Amends Its Ethereum Spot ETF Application Amid the anticipation encompassing the Ethereum spot ETFs, financial management giant Fidelity has recently amended its application for…

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Ethereum ETFs Dream Wanes: Approval Odds Drop Significantly To 35%

Forecasts of approval of the much-anticipated Ethereum Exchange-Traded Funds (ETFs) are dwindling as top market analysts and experts express doubts about its possibility, citing a significant drop in approval odds over time. Ethereum ETFs Approval Odds Fall to 35% On Monday, Bloomberg Intelligence ETF expert Eric Balchunas reported that the Ethereum spot ETF approval odds…

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Ethereum (ETH) ETF: SEC Delays Decision On BlackRock’s Proposal Again, Regulator Requests Public Feedback

The speculation surrounding the approval of an Ethereum (ETH) spot ETF (exchange-traded fund) has created expectations among crypto investors. After the historic approval and launch of Bitcoin spot ETFs in the US in January, all eyes have turned to the May 23rd deadline. In the most recent development, the US Securities and Exchange Commission (SEC)…

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Ethereum Foundation Successfully Activates Dencun Upgrade Across Testnets, Confirms Imminent Deployment

In a recent announcement, the Ethereum (ETH) Foundation revealed that the highly anticipated Dencun network upgrade had been successfully activated on all testnets. The upgrade, scheduled to go live on the Ethereum mainnet on March 13, 2024, marks a significant milestone in the protocol’s efforts to enhance scalability and reduce user transaction costs. Ethereum’s Latest…

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