After a wave of regulatory pushback against cryptocurrencies over the past two years, it is expected that

After a wave of regulatory pushback against cryptocurrencies over the past two years, industry experts expect 2025 to be much friendlier, thanks in part to positive regulatory developments.

“2025 could be a good year for cryptocurrency policy,” Nathan Dean, senior policy analyst at Bloomberg, wrote on May 23. Although I try to be neutral about #cryptoregulations, it seems like this week could be a turning point. #Bitcoin ETF approval, #Ethereum ETF approval likely soon and 71 House Democrats join FIT (not to mention SAB 121).

Dean further explained that aside from the approval of exchange-traded funds (ETFs), stablecoin frameworks could also come to fruition by the end of next year. However, the analyst cautioned that the SEC still has the power to regulate projects seeking to classify their tokens as commodities rather than securities, although these are issues that are “good to have” at as the industry gains greater clarity under the law. .

Another Bloomberg analyst, Eric Balchunas, also agrees.

“A bipartisan group of House lawmakers sent a letter to Gary Gensler urging the SEC to approve Ethereum ETFs,” Balchunas said, citing a congressional letter. This “allows investors to access cryptocurrencies in a regulated, transparent and secure format.” The analyst then expressed his admiration, saying: “It’s absolutely surreal and astonishing to see ETFs falling into mainstream politics and the election year narrative. »

It is not only in the United States that lawmakers have turned to regulation rather than clear enforcement.

On May 22, the first exchange-traded products (ETPs) of Bitcoin and Ethereum debuted on the London Stock Exchange following approval from the UK’s Financial Conduct Authority. Although ETP products are currently only available to professional investors, a spokesperson for CryptoUK, the self-regulatory trade association for the UK crypto assets industry, said the approval was a “step in the right direction ” and was added to the “aspirations” of the government. to secure Britain. » As a global hub for crypto assets.

The following day, Cointelegraph reported that the Hong Kong Securities and Futures Commission is currently considering allowing Ethereum ETF issuers to receive an annual return of 3.6% for validating transactions on the blockchain and transmitting them to shareholders. However, no concrete plans have been reached for a decision.

US regulators are expected to issue an immediate ruling on the Ethereum ETF the same day, with prices of major currencies rising in anticipation of the decision.

Related: SEC Ethereum ETF Discussions Underway, S-1 Approval Expected in Hours

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