SEC Likely to Approve Multiple Altcoin ETFs by Q2 2025
The post SEC Likely to Approve Multiple Altcoin ETFs by Q2 2025 appeared on BitcoinEthereumNews.com.
The SEC declared today that proof-of-work cryptoassets are not bound by securities regulations. Based on this clarity and the commissions latest actions, BeInCrypto analysts predict that the SEC will approve multiple altcoin ETFs together by the end of Q2 2025 Meanwhile, Caroline Crenshaw, an anti-crypto SEC Commissioner, made another statement of public dissent today. She claimed that this ruling is full of loopholes, but it’s doubtful that these objections can stop a dedicated pro-crypto agenda. SEC is Laying the Groundwork to Approve more ETFs In a press release today, the Commission decided that proof-of-work cryptoassets are not considered securities under US law. Like Bitcoin, the entire asset class should be considered commodities. The SEC’s decision here could have huge implications for altcoin ETFs. “It is the [SEC’s] view that mining activities do not involve the offer and sale of securities [and] that participants in mining activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration,” the SEC’s statement claimed. This regulatory clarity could change the odds of ETF approval for a few proof-of-work (PoW) cryptoassets. For example, Litecoin, which falls in this category, was already very likely to receive approval. With this ruling, more asset managers might be inclined to offer ETFs for other PoW coins, like Monero or Kaspa. However, this trend also goes beyond PoW cryptoassets in general. The SEC has been systematically declaring several assets to be commodities. For example, in February, it declared that meme coins are not securities. This potentially clearly the regulatory roadblock for Dogecoin ETFs. SEC Wants Paul Atkins to Join Under a Clean Slate In other words, the SEC could be declaring all these assets to not be securities as a way of laying foundations for any…
Filed under: News - @ March 21, 2025 3:21 am