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**SEC Requires Ethereum ETF Issuers to Refile S1 Forms, More Rounds Expected**
According to a reliable source, the U.S. Securities and Exchange Commission (SEC) has sent back the S1 forms submitted by Ethereum-based Exchange-Traded Fund (ETF) issuers. This marks a significant step in the regulatory approval process as firms are required to make amendments and resubmit their proposals. This development suggests that the SEC is taking a meticulous approach to reviewing these applications, ensuring that they meet the stringent requirements set forth by the regulatory body.
The need for at least one more round of revisions signals that the path to approval might be longer and more rigorous than initially anticipated, leaving many in the cryptocurrency community eagerly awaiting further updates.
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