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## AI legalese decoder: Helping Navigate legal Jargon in the Crypto Industry

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UPDATED: March 8, 2024, 2:05PM EST

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Grayscale and Coinbase recently engaged in discussions with federal regulators regarding their plans to introduce an ether spot exchange-traded fund. The negotiation progress signals positive momentum for the companies in their endeavor.

During Wednesday’s meeting, both companies addressed concerns raised by the Securities and Exchange Commission (SEC) regarding the safety of a spot ether ETF. The potential launch of such a product would expose investors to the price fluctuations of the second-largest cryptocurrency by market capitalization. Grayscale’s initiative to convert its unsuccessful Ethereum Trust into an ETF could significantly enhance investors’ access to crypto investment opportunities.

The SEC posted a presentation by Coinbase following the meeting, shedding light on the discussions.

Notably, both bitcoin and ether achieved record highs, with prices exceeding $70,000 and $4,000, respectively.

 

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