Tomorrow never dies. As of today, the chair of the SEC doesn’t believe the US can prevent “fraudulent and manipulative acts and practices” concerning spot Bitcoin ETFs.
Bitcoin spot ETFs, with Soto calling crypto “a driver of economic growth” in the U.S. and “crucial for us to clearly regulate it in order to maximize the potential benefits and mitigate any risks.”
“The SEC’s approach to cryptocurrency regulation has been unacceptable,” said Emmer in the November letter. “While the trading of Bitcoin futures ETFs is a great step forward for the millions of American investors who have been demanding regulatory clarity, it does not make sense that Bitcoin spot ETFs cannot also commence trading.”
To date, the SEC has not approved any Bitcoin spot ETF application from a financial institution despite some lawmakers and industry leaders criticizing the commission’s inaction for holding the United States back on innovative investment vehicles. However, after Gensler hinted in August 2021 that he would be more open to accepting ETFs based on crypto futures rather than through direct exposure,
with the SEC. The commission has since approved ETFs linked to BTC futures from Valkyrie, ProShares and VanEck.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses 'Basic Investor Protection' – Regulation Bitcoin NewsThe SEC is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Zhao.
Weiterlesen »
SEC filings mentioning ‘Bitcoin’ skyrocket in 2022 signaling institutional acceptanceThe Securities and Exchange Commission (SEC) and Bitcoin have been the subject of an increasing number of discussions over the... Continue reading
Weiterlesen »
SEC Boss Comments on Refusal to Approve Spot Bitcoin ETFThe SEC continues kicking the can down the road when it comes to approving a spot-based Bitcoin exchange-traded fund
Weiterlesen »
SEC chair: Examination of crypto platform Binance is simply seeking 'basic investor protection'Securities and Exchange Commission (SEC) chairman Gary Gensler spoke with Fox Business on Tuesday in response to reports his agency is scrutinizing the relationship between the U.S. arm of the Binance cryptocurrency exchange and two firms tied to Chinese-Canadian business executive Changpeng Zhao, the founder of Binance.
Weiterlesen »
Elon Musk, Tesla attack SEC for 'unrelenting' harassmentThis escalates Musk's battle with regulators as they scrutinize his social media posts and Tesla's treatment of workers, including accusations of discrimination.
Weiterlesen »
Terra, CEO Do Kwon Ordered to Comply With SEC Subpoena Related to Mirror Protocol InvestigationTerraform Labs and its CEO Do Kwon must comply with an SEC subpoena related to the commission's Mirror Protocol investigation, a judge has ruled. GregAhl reports.
Weiterlesen »