Joseph Hall, a capital markets attorney, highlights the potential barriers, emphasizing that the SEC’s concerns about market manipulation need resolution. The correlation between spot and futures markets that eased Bitcoin ETF approval could pave the way for an ether product.
What’s next for SEC crypto polic: Beyond Bitcoin and Ether
While Ethereum remains in focus, skepticism abounds about the fate of other crypto tokens. Sam Dibble of Baker Botts LLP suggests that, beyond Bitcoin and Ether, the SEC sees most digital assets as unregistered securities. The volatile nature of these tokens and their dependence on Bitcoin and Ether’s value fluctuations raise doubts about their regulatory approval.
Conclusion: A Shifting Landscape
As the crypto saga unfolds, the SEC’s about-face on Bitcoin ETFs raises more questions than answers. The path forward remains uncertain, with enthusiasts, critics, and industry players watching closely for the next move in this high-stakes regulatory chess game.
