The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding Franklin Templeton’s proposal to offer staking capabilities within its Ethereum spot exchange-traded fund (ETF).
The delay signifies a setback in the approval process for this specific feature of Franklin Templeton’s planned Ethereum ETF. The SEC’s order did not provide specific reasons for the postponement.
Furthermore, the regulatory body did not announce a new deadline for making a final determination on the staking proposal. This postponement leaves the status of staking within Franklin Templeton’s Ethereum ETF application unresolved.