RE: I Can Finally Agree on Something with the SEC

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Hello @gadrian. Thank you for your post on "I Can Finally Agree on Something with the SEC." I'm glad the SEC doesn't want to take control over the governance of Ethereum. Is that right when I said the SEC doesn't want to take control over the governance of Ethereum? I want to make sure I'm understanding this all correctly. Did the SEC take control over staked BTC?

In the meantime, I read what was the amendment required by the SEC for the spot Ethereum ETF applications. Their requirement was that the underlying Ether coins of the ETF will not be staked, thus not participating in the Ethereum governance, I add.
!BBH !CTP #ctp

leofinance
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No, it was about the ETF fund management firms that could have had a major say in the governance of Ethereum if the Ether they will buy for their clients would be staked and voting.

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OK @gadrian so how did this make you agree with the SEC? I got kind of lost reading.

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They asked the applicants to revise their applications to not allow staking of the ETH they buy for the ETFs, which otherwise could have been staked and used in governance decisions.

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Oh OK so is this good? Sorry I can't seem to read lol, so no one could take over?

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Ethereum ETFs couldn't. But others could, if they buy or hold ETH directly and stake it, and hold a controlling stake.

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