U.S. House members, including Majority Whip Tom Emmer and Democrat Josh Gottheimer, are urging the SEC to approve spot Ether ETFs. They cite comparable regulatory frameworks utilized for Bitcoin ETFs.
The bipartisan group is calling for equal and fair treatment of digital asset-backed ETF proposals. They highlight that an Ether ETF would provide security and regulated access to crypto.
Bloomberg's Eric Balchunas noted the MPs' broader allusion to "other digital assets," implying a larger push for multiple cryptocurrency ETFs. Balchunas speculates this could lead to a slew of filings contesting the SEC's jurisdiction. Amidst this political backdrop, the crypto community's optimism grows, looking toward the SEC's looming decision on Ether ETFs.
If approved, Ether ETFs might follow the path of spot Bitcoin ETFs, which the U.S. adopted earlier this year.
These developments come as Hong Kong contemplates permitting staking in spot Ether ETFs, and another group of U.S. senators requests clarity on Ether's status as a security. The SEC is expected to make a ruling before the end of the month, and the crypto community is eagerly awaiting it.
