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## Lawsuit Unnecessary for SEC Approval, says “Crypto Mom”

In a recent interview with Coinage Media, SEC Commissioner Hester “Crypto Mom” Peirce expressed her position on the approval of spot Ether (ETH) exchange-traded fund (ETF) applications, stating that a lawsuit should not be necessary to prompt the United States Securities and Exchange Commission to make a decision. Peirce emphasized the importance of the SEC getting it right without the need for external pressure from the courts.

Peirce, who is known for her supportive stance towards the crypto industry, cited the Grayscale court ruling that preceded the approval of spot Bitcoin ETFs in the United States. She explained that while the SEC would presumably apply the same “precedent” that came from the Grayscale case, she also acknowledged that the facts and circumstances vary greatly with each ETF application.

Peirce highlighted the extensive work involved in preparing an exchange-traded product for the market, including ensuring that the disclosures align with the product’s functionalities. She further referenced the impact of a court ruling on the SEC’s approach, indicating that such lessons would influence the commission’s decision-making process.

## How AI legalese decoder Can Help

AI legalese decoder can be instrumental in analyzing and deciphering the legal language and complexities associated with ETF applications, providing valuable insights and interpretations that can aid in the decision-making process. The platform can effectively process and interpret the varying facts and circumstances presented in each application, assisting the SEC in identifying potential discrepancies and aligning disclosures with product functionalities.

Additionally, AI legalese decoder can help legal professionals and regulatory authorities stay informed about relevant court rulings and precedents, enabling them to make more informed decisions and ensure compliance with legal standards. By leveraging AI technology to decode legal language and regulations, the SEC can streamline its approval process and make more accurate and consistent judgments, ultimately benefiting both the regulatory authority and the applicants seeking ETF approvals.

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