Sources familiar with the matter: SEC shows "high concern" about cryptocurrency pledging business
According to Fox News correspondent Eleanor Terrett, the Securities Exchange Commission (SEC) is currently showing a "high level of interest" in the cryptocurrency pledge business and has asked industry insiders for details on the different types of pledges and their advantages. Last week, SEC trading and markets staff participated in a pledge-themed webinar.
At the same time, the SEC has confirmed receipt of a 19b-4 filing from the Chicago Board Options Exchange (Cboe) for the inclusion of a pledge feature in the 21Shares Core Ethereum ETF. Sources expect the SEC to issue guidance on pledges in the near future.