JPMorgan Chase: If the US SEC refuses to approve the spot Ethereum ETF, it may face legal challenges and ultimately lose the case
JPMorgan stated that the Wells notice issued by the Securities and Exchange Commission (SEC) to trading platform Robinhood (HOOD) should not be a barrier to the final approval of the Ether ETF. JPMorgan believes that the legal action taken by the SEC against cryptocurrency exchanges seems to be an attempt by the agency to influence US policy makers and legislators, who will eventually be responsible for passing cryptocurrency market regulations. If the SEC refuses to approve the Ether ETF, it may face legal challenges and ultimately fail.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Expert Says Memecoins Are Ready for a Major Comeback
U.S. Bitcoin ETFs See $494 Million Surge in Six-Day Inflow Streak
Bullish Pattern Drives PEPE’s Potential as Asset Sees 45% Price Surge to $0.000017