Initially the SEC for the regulation of Winklevoss Bitcoin ETC, reversing this decision and also announcing that they are very seriously studying the adoption of Ethereum and that it can operate on the New York Stock Exchange.

The American Securities and Exchange Commission (SEC) is working on the regulation of cryptocurrencies and has announced that they are going to readjust the decision to reject the Winklevoss Bitcoin ETF. After the commission blocked the arrival of this tool for its release on the BATS stock market, a revision has been applied to the edition, according to a document from this regulatory body, which will continue with the study. At the same time, they are working on Ethereum ETF, doing a full examination by the agency.

The EtherIndex Ether Trust is expected to start trading on the New York Stock Exchange, which, according to the SEC, is different from the appreciation of Bitcoin. It is explained like this: 'The exchange represents that unlike Bitcoin, Ether was not designed to function solely as a store of value. Instead, Ether was meant to pay for specific actions on the Ethereum network. ' Furthermore: 'However, according to the Exchange, the Ether market is currently supported by many of the same online exchanges and the same infrastructure that has developed around the Bitcoin network.'

The intervening period after Winklevoss rejected on March 11, an increase in the Bitcoin ETF was denied by the SEC, with new revisions regarding this request. The agency has also reported that Ethereum ETF is currently under active consideration, or what is the same, that they are thoroughly studying this coin. "The Commission is implementing a procedure pursuant to Section 19 (b) (2) (B) of ACT 11, to determine whether the proposed rule change should be approved or rejected."

Source: cointelegraph