From CNBC: 2024-05-18 11:00:01

The U.S. SEC is set to decide on approving ether ETFs next week, but concerns about the lack of an overall cryptocurrency regulatory framework may lead to a delay, says expert Ric Edelman. Current laws are outdated, leading investors vulnerable to scams and frauds, prompting calls for new regulations to protect consumers.

Bitwise Asset Management’s Matt Hougan also advocates for updated rules, emphasizing the need for modern regulations to accommodate digital assets and technology. With Bitwise’s own application for an ethereum ETF awaiting approval, Hougan is optimistic about the future, believing that the ETF era for crypto is on the horizon.

Proposals for ether ETFs by VanEck and ARK Investments/21Shares are expected to receive a decision this month, representing a significant step towards creating a safe and secure platform for investors in the digital asset market. There is a shared goal among industry experts to improve regulation, innovation, and protection for investors in the evolving crypto landscape.

Read more: Crypto fraud and poor regulation may jeopardize ether ETF approval