On January 21, 2025, the SEC announced the formation of a new crypto task force, led by Commissioner Hester Peirce, who is recognized for her pro-crypto stance.

Peirce indicated that a shift in the majority of SEC Commissioners towards a more favorable view on cryptocurrency could pave the way for the approval of staked Ether ETFs.

Despite the SEC's approval of spot Ether ETFs in 2024, which resulted in the launch of nine products and approximately $2.7 billion in inflows, staked Ether ETFs have yet to receive regulatory approval.

However, with the establishment of the new crypto task force, there is optimism that this situation may soon change.

Ethereum co-founder Joe Lubin expressed confidence that staked Ether ETFs will soon gain regulatory approval under the new leadership.

Lubin has been actively engaging with ETF providers, who are preparing for the anticipated approval of staked Ether ETFs.

He emphasized that fund issuers are focused on developing effective solutions to address the complexities associated with staking and slashing.

Former Polygon financial chief Young Ko praised the crypto task force, highlighting Peirce's understanding of technology and her support for builders in the industry.

Lubin believes that the approval of staked Ether ETFs will not only enhance the technology and ecosystem but also lead to greater client diversity.