Crypto Mom Hester Peirce: Physical redemptions and staking for ETFs are expected to start! U.S. cryptocurrency regulation may become clearer.

Crypto Mom Hester Peirce hinted during an interview that with Gary Gensler stepping down as SEC chairman, cryptocurrency policy may see a turning point. She mentioned that two policies related to cryptocurrency ETFs may be re-evaluated, including physical purchases and redemptions, as well as allowing Ethereum ETFs to be staked, expressing an optimistic view towards a clearer regulatory framework. (Background: VanEck's Top 10 Predictions for 2025: Bitcoin reaching a mid-term peak in Q1 next year, Solana spot ETF approval, DeFi hitting new highs..) (Supplemental background: Is the next cryptocurrency ETF not SOL? Bloomberg analysts suggest HBAR and LTC may lead next year) Since Trump nominated pro-cryptocurrency former SEC commissioner Paul Atkins to replace Gary Gensler as chairman, the market is increasingly expecting that the U.S. regulatory attitude toward cryptocurrencies will develop in a friendly and lenient direction. Known as 'Crypto Mom', Hester Peirce hinted during an interview with Coinage yesterday (20th) that the SEC is planning to promote a series of policy reforms favorable to cryptocurrencies. Hester Peirce indicated that 'Washington is in a transitional period, and the SEC is no exception.' She mentioned that while it takes time for the new chairman to take office, there is still uncertainty in the future, but the SEC is prepared to immediately initiate relevant processes to push for some policy changes. Hester Peirce specifically noted that two significant policies related to cryptocurrency ETFs may be re-evaluated, including physical purchases and redemptions, as well as allowing Ethereum ETFs to be staked. She pointed out that unlike the almost impossible scenario during Gensler's tenure, she expressed optimism about pushing these changes under new government leadership. 'I guess these issues are likely to be formally raised early on.' As Gensler is set to step down on January 20, she believes that the direction of relevant topics will become clearer. She noted: 'When the committee shifts from a majority opposing to a majority supporting certain decisions, then things will go much more smoothly.' This statement was quoted and retweeted by Bloomberg ETF analyst Eric Balchunas, who specifically mentioned that Hester Peirce smiled while saying this and appeared very happy. Hester Peirce discussed the approval of physical purchases and redemptions for Bitcoin ETFs, as well as the staking function for Ethereum ETFs, expressing that these features make the products more 'practical' for investors, implying that the approval for these reforms may be imminent. 'If it changes from a majority of commissioners who don't want things to go through to a majority of commissioners who do want things to go through, then yeah, it's easier.' – Peirce (who looks happy, smiling as she says it) re approving in-kind cr/rd in btc ETFs as well as… https://t.co/YpXfQ1PFSo — Eric Balchunas (@EricBalchunas) December 20, 2024 Expressing optimism for a clearer regulatory framework However, Hester Peirce warned that more radical reforms are expected to gradually unfold after Paul Atkins is confirmed as SEC chairman. She stated: 'We should consider these issues in a phased manner. Or rather, can a framework be established, such as no-action letters or exemption orders, while providing clear guidance early on, for example, 'You know, some things actually don't fall under securities trading.' She further pointed out: 'There will be many adjustments and changes in the coming weeks and months, but I believe we can achieve some early progress. If by the end of 2025, people can reach a state where 'the regulatory framework has been perfected', they clearly understand and comply with the rules, and spend more time discussing technology and its potential, that would make me very happy.' Due to the tug-of-war between regulators and the cryptocurrency industry over the past years, and endless Wells notices accusing 'non-compliant' cryptocurrency companies of possibly violating securities laws, any end to practices threatening enforcement actions could win favor from crypto operators. Hester Peirce's remarks indicate she has already begun to feel optimistic about this shift. In line with VanEck's Top 10 Predictions for 2025 It is worth mentioning that U.S. asset management giant VanEck has predicted in its 10 predictions for the cryptocurrency sector in 2025 that one of them is that Ethereum spot ETFs will open for staking, and both BTC and ETH spot ETFs will allow physical purchases/redemptions. The institution predicts that under a crypto-friendly SEC chairman, multiple new cryptocurrency spot ETFs will be approved, including the Solana ETF, along with significant changes to the aforementioned ETFs. Additionally, the SEC or Congress may abolish the current accounting regulation SAB 121 heavily pushed by the SEC, paving the way for banks and brokers to custody spot cryptocurrencies, and the federal government or at least one U.S. state (possibly Pennsylvania, Florida, or Texas) will establish Bitcoin reserves, among others. Extended reading: VanEck's Top 10 Predictions for 2025: Bitcoin reaching a mid-term peak in Q1 next year, Solana spot ETF approval, DeFi hitting new highs.. Related reports: The scale of U.S. Bitcoin ETFs officially surpasses gold ETFs, overturning gold's 20-year dominance. ETH surged to $4100, creating a three-year high! Analysts predict it may break $5000 next year, with the Ethereum ETF's opening for staking being key. Trump officially nominates Paul Atkins as the new SEC chairman; what is his stance on cryptocurrencies? Bitcoin hits $99,000. 'Crypto Mom Hester Peirce: Physical redemptions and staking for ETFs are expected to start! U.S. cryptocurrency regulation may become clearer.' This article was first published on BlockTempo (the most influential blockchain news media).