The U.S. Securities and Exchange Commission (SEC) has approved the Ethereum ETF, a decision that could have a significant impact on the cryptocurrency market. Unlike the Bitcoin ETF, which required a vote from the SEC in January, this approval did not go through the public voting process. According to James Seyffart, this approval method means that any commissioner, such as Crenshaw, can request a review, but it will not change the decision.
The lack of a public vote has raised questions about the internal political power within the SEC. Seyffart emphasizes that while authorizations are common for many decisions, the lack of transparency in this case leads to speculation about the commissioners’ positions. Seyffart believes that the lack of detailed voting records obscures the political boundaries in the approval process.
Tags: ETF, SEC, Ethereum
Source link: https://cryptoslate.com/no-vote-needed-for-sec-approval-of-ethereum-etf-follow…
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Original article link: https://www.bitpush.news/articles/6786188
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