TL;DR

• The SEC is a slow moving organization — they’ll probably allow ETH ETFs to partake in staking down the line, just not in their first iterations.

Full Story

There’s a lot of grumbling around the fact that the Ethereum exchange traded funds (ETFs) won’t have staking.

The argument being that these funds will be put at a disadvantage because they won’t (legally) be able to earn interest on their Ethereum holdings.

It’s an ongoing point of discussion/argument that we’ve largely tuned out of ever since we heard a regulatory expert give response to the matter.

And we figured we shared it with you, so you can tune out the noise and focus on more important things.

(Like slowly raising the height of all the desks in your office, so everyone starts to convince themselves they’re shrinking).

The regulatory big-wig’s response went something like this:

‘The SEC is a slow moving organization, and it approved the ETH ETFs in a hurry.

Figuring out the complexities of staking and how to build it in to reliable regulatory frameworks is going to take time.

They’ll probably allow it down the line, just not in the first iterations of ETH ETFs.‘

And BOOM!

You now have one less crypto-centric internet discussion to focus on.

We wish you all the best on your office desk psyop xx