SEC Must Decide About VanEck Bitcoin ETF the Same Day Pro-Crypto Commissioner Hester Peirce Will Speak About This Subject… Good News Ahead?

Everybody in the crypto-verse is focused on expectations and speculation. Which currency will rise, which will fall, which company will adopt blockchain technologies… and which will be the first Bitcoin ETF approved by the SEC. Commissioner Hester M. Peirce (source SEC) Although all previous attempts have failed, there is a light at the end of the tunnel. The US Securities and Exchange Commission is having a conference in New York on May 21 to discuss the future of ETFs and how they could affect the financial industry. However, it is important…

Bitcoin (BTC) Capped, US SEC Delay, It’s now A Matter Of WHEN

Bitcoin (BTC) prices up but in tight ranges The US SEC delays their decision on Bitwise Bitcoin ETF After their decision on Bitwise Bitcoin ETF, all eyes are on the US SEC and whether they will finally approve any of the many applications. Even so, buyers are in charge with prices soaring 70 percent after breaching $4,500 resistance, now support. Bitcoin Price Analysis Fundamentals Over and above Satoshi’s objective of creating a global payment platform, Bitcoin is disruptive. The technology underpinning its success is likely to cause a paradigm shift…

Bitwise Bitcoin ETF Approval Again Delayed by SEC

The approval of a regulated crypto derivative this year is now looking less likely, as the SEC has once again delayed its decision on whether to approve the Bitcoin ETF proposed by asset manager Bitwise. However, Bitwise remains optimistic. According to new reports, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been once again delayed. In a document published Tuesday morning, the U.S. Securities and Exchange Commission (SEC), who presides over such products, revealed that it won’t be issuing a…

SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make a decision on one of them next week. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request SEC Commissioner: Time Is Right for Bitcoin ETF At the Consensus 2019 conference in New York…

US SEC Delays Decision on Bitwise Bitcoin ETF, Seeks Public Comment

The United States Securities and Exchange Commission (SEC) has again delayed its decision on cryptocurrency index fund provider Bitwise Asset Management’s bitcoin (BTC) exchange traded fund (ETF). The development was revealed in a filing published by the SEC on May 14. In the recent filing, the SEC revealed that it has delayed its decision on whether to approve or disapprove Bitwise’s ETF, and also requested for a public comment from interested parties. The Commission thus asks interested persons to “provide written submissions of their views, data, and arguments with respect…

Bitwise Bitcoin (BTC) ETF Verdict Delayed By The SEC… Again

Bitcoin ETF Verdict Delayed Again According to a breaking report from CoinDesk, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been delayed once again. In a document published Tuesday morning, the U.S. Securities and Exchange Commission (SEC), who presides over such products, revealed that it won’t be issuing a final verdict (approve or deny) just yet. It appears that the SEC will need to issue its next comment on this crypto-backed investment vehicle in another 45 days or so. This…

SEC to Consider New Bitcoin and Ethereum Exchange-Traded Fund Application

United States regulator, the Securities and Exchange Commission (SEC), is reviewing a new application for a cryptocurrency exchange-traded fund (ETF), documents released on May 9 show. The product comes courtesy of Crescent Crypto Index Services, a subsidiary of benchmarking and passive index investing firm Crescent Crypto Asset Management. It would include a portfolio of both bitcoin (BTC) and ether (ETH), and be active on the New York Stock Exchange (NYSE) under the “XBET” ticker. “XBET is an exchange traded fund. This means that most investors who decide to buy or…

SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays

United States regulator and so-called “crypto mom” Hester Peirce gave remarks in which she expressed fears that the cryptocurrency industry has been hindered by the Securities and Exchange Commission (SEC) dragging its heels. Peirce spoke at the Securities Enforcement Forum in East Palo Alto, California on May 9. In her speech, Peirce stated that, given the rapid development of the digital currency industry, she worried that the SEC’s hesitance to provide clear guidance would hold back its growth. The sticking point was, according to Peirce, how to decide when issuing…

SEC and CFTC Aim for Literacy in Digital Assets, Blockchain Analysis

The chairmen of two United States financial regulators, the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) testified before Congress today, May 8. The hearings before the Senate Committee on Appropriations served to inform the Senate on the agencies’ budgetary needs while outlining various objectives and initiatives. In their respective testimonies, SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo noted the importance of the agencies becoming literate in digital assets and blockchain technology. As per the Clayton, the Office of Compliance Inspections and Examinations…

Bitcoin Generation Claps Back at SEC Over ‘Reckless’ Trading Suspension

By CCN: Following the suspension of trading in Bitcoin Generation (BTGN), a regulated exchange based in Oklahoma whose stock trades in the OTC market, the company has responded. SEC “Highly Prejudicial,” Says Bitcoin Generation The company says the U.S. SEC did not even inquire with them before freezing trading. CEO Deniz Hadjiev wrote this reporter saying, in part: “We welcome regulators involvement into the crypto industry, but what we don’t accept is a unilateral decision to suspend our stock without even a request for information and this is not only reckless…