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SEC Likely to Reject Spot Ether ETFs in May, Says Van Eck The U.S. Securities and Exchange Commission (SEC) faces a May deadline to decide on the approval of spot Ethereum exchange-traded funds (ETFs), including applications from asset managers Vaneck and Ark Invest led by Cathie Wood. Several spot bitcoin ETF issuers, including Blackrock, the world’s largest asset manager, and Fidelity, have also filed to launch a spot ether ETF. Vaneck CEO Jan Van Eck told CNBC at the Paris Blockchain Week event Tuesday that he does not expect the SEC to approve spot ether ETF applications in May. He said: We were the first to file as well for ethereum in the U.S., and we and Ark, Cathie Wood, are kind of the first in line for May, I guess, to probably be rejected. “The way the legal process goes is the regulators will give you comments on your application, and that happened for weeks and weeks before the bitcoin ETFs, and right now, pins are dropping as far as Ethereum is concerned,” Van Eck added. The prospects for SEC approval of spot ether ETFs are facing increasing doubt. JPMorgan, for example, said last week that the SEC will likely approve spot ethereum ETFs after it rejects the applications in May and faces subsequent litigation, similar to what happened with the Grayscale Investments and Ripple legal battles last year. Coinshares CEO Jean-Marie Mognetti also expressed pessimism about the likelihood of such approval in the near future. He told CNBC on Tuesday: “We are observing the ethereum decision very, very closely.” Indicating that it may be difficult for a proof-of-stake protocol to gain SEC approval, he opined: I don’t see anything being approved this side of the year.

The multiplier for the linea algorithm allocation has come out, which means that we now know how many coins we can get. Currently divided into three types, Basic LXP requirements: Above 1800LXP Wallet Activity, Low activity coefficient 1.6, Active coefficient 2.8, High activity old wallet 8.2 coefficient, Multiply your LXP by the corresponding coefficient to get your linea quantity. For example, if you have 2000 LXP and the coefficient is 8, you will have 16000.

Uncle Sam just tossed them econ numbers right on-chain, straight official. Pyth steppin' in heavy with certain technology power to verify and drop the goods. Biggest spotlight it ever caught, and the associated token ain't sittin' still. Token went crazy with a pump, cooled off in that slick inverse

Bitcoin cured El Salvador's hyperinflation & crime problem. Inflation is less than 1% and homicides are down 99%