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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing Grayscale’s Ethereum ETFs to engage in staking. The new deadline for approval or rejection is set for June 1, amid market turbulence and regulatory uncertainty.
- The SEC extended its deadline to decide on Grayscale’s Ethereum ETF staking proposal to June 1, citing regulatory review.
- Ethereum staking allows users to earn rewards by validating transactions, but the SEC has historically viewed it as risky.
- Market turbulence and a 15% drop in Ethereum’s price add complexity to the SEC’s decision-making process.
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Related Tags: EthereumDonald Trump James Seyffart Paul AtkinsCoinbase Global Inc. Grayscale KrakenSECETF
Other Tags: Ethereum ETF, NYSE Arca, Ripple Labs