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encryptionMom Hester Peirce: ETF physical redemption and stake are expected to be launched! The US encryption supervision may become clear
Hester Peirce, also known as the 'encryption mom,' hinted in an interview that with Gary Gensler stepping down as SEC chairman, encryption policies may see a turning point. She mentioned that two policies related to Cryptocurrency ETFs may be reassessed, including in-kind purchases and redemptions, and allowing Ethereum ETFs to stake. She expressed optimism towards a clearer regulatory framework. Since the nomination of Paul Atkins, a pro-Cryptocurrency former SEC commissioner, as the new chairman, the market has been increasingly hopeful that the US regulatory attitude towards Cryptocurrency will become more friendly and lenient. Hester Peirce, who is known as the 'encryption mom,' implied in an interview with Coinage that the SEC is planning a series of policy reforms favorable to Cryptocurrency. Peirce suggested that the approval of in-kind purchases/redemptions in BTC ETFs and the stake function in Ethereum ETFs would make these products more practical for investors, hinting that the approval of these reforms may be imminent. However, Hester Peirce warned that more radical reforms are expected to unfold gradually after Paul Atkins is confirmed as SEC chairman. She stated that these issues should be considered in phases or a trap framework could be established, such as tools like no-action letters or exemptive orders, providing clear guidance in the early stages, for example, 'You know, some things are not securities transactions.' She further pointed out that there will be many adjustments and changes in the coming weeks and months, but she believes that some early progress can be made. If by the end of 2025, people can achieve a state where the regulatory framework is perfected, they understand and comply with the rules, and more time is spent discussing the technology and its potential, it would make her very pleased. Due to the tug-of-war between regulatory agencies and the encryption industry over the past few years, as well as endless Wells notices, any approach that ends with enforcement actions threatening compliance may win the praise of encryption companies. Hester Peirce's remarks indicate that this shift has already begun. It is worth mentioning that VanEck, the US asset management giant, predicts in its 2025 top 10 predictions for the Cryptocurrency field that Ethereum Spot ETFs will allow for staking, and BTC and ETH Spot ETFs will allow for in-kind purchases/redemptions. The institution predicts that under the leadership of a Cryptocurrency-friendly SEC chairman, several new Cryptocurrency Spot ETFs, including a Solana ETF, will be approved, along with the significant changes mentioned above. In addition, the SEC or Congress is expected to repeal the current SEC-promoted accounting regulation SAB 121, paving the way for banks and brokers to custody Spot Cryptocurrency, and the federal government or at least one US state (possibly Pennsylvania, Florida, or Texas) will establish BTC reserves, among other predictions. Related reports: The size of the US BTC ETF officially surpasses that of gold ETFs, overturning gold's 20-year dominance. ETH hits $4,100, reaching a three-year high! Analysts believe it may exceed $5,000 next year, and the opening of Ethereum ETFs to staking is the key. Trump officially nominates Paul Atkins as the new SEC chairman. What is his stance on Cryptocurrency? BTC surges to $99,000. 'Encryption mom' Hester Peirce: In-kind redemptions and staking in ETFs are expected to be launched! US encryption regulation may become clearer. This article was first published on BlockTempo.