According to Cointelegraph, Ethereum co-founder Joe Lubin revealed that ETF issuers are actively preparing for a staked Ethereum ETF and are confident that it will be approved under the new SEC leadership. Lubin said that issuers are working hard to develop the best solutions for their customers to deal with the complexities associated with staking and penalty mechanisms, which will help increase the robustness of the ecosystem and customer diversity. At present, about 33.70 million ETH (worth about $113 billion) are involved in the pledge, accounting for 28% of the total supply. The SEC has established a cryptocurrency working group on January 21, led by close and friendly commissioner Hester Peirce, to develop the regulatory framework for digital assets. Peirce hinted in an interview in December that the new leadership may push for a more friendly crypto policy.