US Securities and Stock Exchange Commission (SEC) is preparing for an important turning point in the crypto currency world. Recent decisions have shown that ETF approval is close, especially for Altcoins with Proof of Work (Pow) mechanism. SEC’s new president candidate Paul AtkinsThe process is expected to accelerate with the task. According to experts, more than one in the second quarter of the year altcoin The ETF may receive collective approval. However, the sounds that oppose these developments are also rising.
SEC is preparing the ground for Altcoin ETFs: Coins that stand out
In a press release on March 20, SEC announced that crypto currencies working with the Pow mechanism were not securized according to US laws. This statement Bitcoin (BTC) $85,190.76 Pow -based like crypto currencyIt means that the s is entering the commodity class. SEC stated that such mining activities are not evaluated within the scope of “Menkul Value Proposal and Sale”.
Decision for Altcoins ETF It may be a critical turning point for its approval. Litecoin 
$91.58 (LTC) was one of the powerful candidates for ETF approval. With this development Monero (XMR) and Kaspa ETF applications may also come for other Pow -based subcoins such as (muscle).
However, the SEC’s approach is not only limited to Pow -based Altcoin projects. Regulatory Authority in February memecoin‘s also announced that the securities were not. Announcement Dogcoin 
$0.171544 (Doge) can pave the way for ETF applications for projects such as. Ripple 
$2.48 fall of the case Solana (Left) and XRP Despite the postponement of ETF applications, hopes continued. The CFTC’s futures approval for XRP and the left has increased the likelihood of ETF approval.
Hard criticism came from Crenshaw
SEC member Caroline CrenshawOnce again, the public has given the public opinion. Crenshaw argued that the statement actually contained many legal gaps. In particular, the Howy test should be done to determine whether mining activities are securities.
According to Crenshaw Selection‘s decision is an interpretation without binding and does not provide full protection to investors. The SEC member emphasized that 10 different comments were made in the last 9 weeks. However, he refrained directly accusing other commission members of being biased in favor of crypto money.
Despite Crenshaw’s term of office and explanations, these comments are likely to be valid. Because no one carries these gaps to the judiciary, decisions will be valid in practice. SEC’s stance for crypto currencies has led to serious disagreements within the institution.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
