The hype around crypto ETFs is not slowing down. While the community waits for ProShares ETF to start trading today, October 19, Invesco withdraws its proposal. The US SEC is keeping suspiciously quiet.
Gary Gensler, the crypto-friendly chairman of the US Securities and Exchange Commission Exchange Commission (SEC), has expressed his support for cryptocurrency ETFs. However, he stressed that this was his personal opinion and had nothing to do with the regulator's plans to approve a proposal.
While the US Securities and Exchange Commission is known for its cautious stance on cryptocurrencies, it seems things have been changing. The watchdog’s Chairman claimed that they are open to Decentralized innovations.
The United States Securities Exchange Commission (SEC) has adopted a blockchain forensics tool. Despite seemingly favouring the tech, the agency is not so friendly about the product backed by this tech, namely cryptocurrency.
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.