The United States Securities and Exchange Commission (SEC) has been showing hostility to the cryptocurrency businesses. While pressing hard on some projects including Telegram’s TON network and Bitcoin ETF proposals, the regulator fails to establish regulatory clarity within the industry.
The SEC recently responded to Wilshire Phoenix’s Application for the approval of a proposed rule change to launch a Bitcoin ETF. SEC rejected the citing insufficiently weak strategies for combating major common financial crimes such as Market manipulation and Money laundering.
The US SEC has finally revealed it’s long awaited position on the bid filed by Wilshire Phoenix for a Bitcoin ETF. Wilshire Phoenix filed its application for a Bitcoin Exchange Traded Fund in mid 2019, but SEC only responded to it recently. The financial regulator cited fraud concerns as the major reason for rejecting the ETF application.
The US Securities and Exchange Commission (SEC) has suspended the Wilshire Phoenix’s Bitcoin exchange-traded fund (ETF) proposal. As per the official document issued by the SEC, they have decided to go forward with setting the proposal under further review. By Feb 26, next year, the commission will make a final decision on whether to allow or not to allow BTC ETF and also ascertain their status.
The financial and securities watchdog silently accepted a fund tied to the BTC futures market just a few days ago — an effort which many experts say vividly widens the chances for the endorsement of other ETFs sooner or later.
Several Bitcoin (BTC), cryptocurrency and blockchain advocates have been trying, without much success, to get regulatory authorization for funds so that cryptocurrency like bitcoin can be brought to potential investors. Two giant companies are now considering using a temporary fix.
While the United States Securities and Exchange Commission (US SEC) continues to take time and postpone the listing of the first exchange-traded funds (ETFs), Bitcoin and other cryptocurrencies in Italy and the rest of Europe the number of tools that replicate the cryptocurrency trend. As the entire blockchain ecosystem is waiting for the approval or disapproval of cryptocurrencies ETFs by the US SEC, buying and selling of bitcoin and other altcoins and also investing in funding is now as easy as drinking water in Italy and Europe at large.
The U.S. Securities and Exchange Commission (SEC), the agency responsible for regulating electronic securities markets in America, has once again postponed its verdict on 3 Bitcoin exchange-traded funds (ETFs) applications. ETFs are considered by many in the digital asset industry as a breakthrough for mass adoption of BTC and other virtual currencies.
The United States Securities and Exchange Commission (US SEC), a self-regulating agency of the US Federal government, has cautioned the public about the use of "may" statements in advisor disclosures. On April 30 this year, the District of Columbia Court of Appeals upheld charges of slipshod abuses of the Advisers Act that were submitted by the agency’s Division of Enforcement against The Robare Group (TRG).