The exchange filed 19b-4 documents on Wednesday, formally kicking off a review process. Once the U.S. Securities and Exchange Commission (SEC) acknowledges the filings, it will start a 240-day clock for a final decision. The SEC will have a number of intermediary deadlines to make a decision, but has traditionally taken the maximum number of days possible to review applications.
Related posts
-
Bitcoin (BTC) Price Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility; Aptos, Near, Hedera Outperform
Bitcoin (BTC) surged to $70,500 earlier during the day from around $67,000, then shed 2% in... -
Crypto and the 2024 U.S. Election
“Divided government is likely the most important outcome for crypto as we believe that is what... -
Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless
On the other hand, a Harris win may slow down the pace of adoption due to...