The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing by Canary Capital to launch a staked Injective (INJ) exchange-traded fund (ETF). The SEC has opened a 21-day public comment period on the proposed ETF, marking a key step in the approval process. Canary Capital previously filed an S-1 registration statement with the SEC, and the Chicago Board Options Exchange (CBOE) has submitted a filing to list the staked INJ ETF. The timeline for the ETF includes SEC approval of the S-1 filing followed by the commencement of trading. Separately, Federal Reserve Governor Lisa Cook may face a lawsuit that could be filed imminently, according to CNBC sources. The lawsuit filing was reportedly completed on August 27. Additionally, legal professionals have commented on the widespread issue of inflating hours in the legal industry following a recent ban on an associate.