Bitsky000
06/16 16:22
SEC Delays Decision on Franklin Templeton’s Ethere
SEC Delays Decision on Franklin Templeton’s Ethereum ETF Staking
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on whether to allow the Franklin Ethereum ETF to stake its Ethereum holdings. The filing was made on March 10, 2025, by Cboe BZX Exchange, Inc.
The ETF is now requesting approval to stake that ETH and receive rewards—something any typical Ethereum holder could do. This would enable the ETF to earn passive income from staking and reward its investors. However, the SEC has not yet approved this change. Instead, the agency has decided to begin formal proceedings to evaluate whether this staking proposal aligns with investor protection rules under the Securities Exchange Act.
The agency is particularly reviewing whether the change follows the rules of fair and secure market practices under Section 6(b)(5) of the Securities Exchange Act. This section mandates that the rules of national securities exchange, designed to prevent fraudulent and manipulative acts and practices.
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