Trump-Linked Crypto Platform's $33M Ether Transfer Spurs ETF Staking Hopes

Quick Summary:

The SEC could consider approving staking for ETFs, boosting sentiment and prices for the second-largest cryptocurrency, market observers said.

Former SEC Chair Gary Gensler, known for his anti-crypto stance in the industry, stepped down on January 20 with Trump entering office.

Ethereum’s future has been under the microscope recently, amid sagging prices relative to competitors, leadership disputes and worries over the project’s development roadmap.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCubaHungary

Topics: DeFi Lido Markets World Liberty Financial Ethereum Staking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 18:43:06 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25345831

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Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 8 hours ago

Coverage Areas: United States

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