Back

SEC’s Rejection of Bitcoin ETF Applications Is Under Pending Review

  • SEC’s recent rejection of nine cryptocurrency ETFs could be eventually reversed. Brent Fields stated that the decision will be further reviewed by the agency

Cover image via U.Today

SEC’s recent rejection of nine cryptocurrency ETFs could be eventually reversed. On Aug. 23, Brent Fields, who serves as SEC secretary, sent a letter to the NYSE, stating that the decision will be further reviewed by the agency. The letter doesn’t specify the date of the final verdict, but it says that they will swiftly make public any actions taken by the commissioners. 

‘Crypto Mom’ Hester Pierce, the only SEC commissioner who voted to approve Bitcoin ETFs, took to Twitter to explain that the Commission still has to weight on the staff’s decision. 
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Recommended articles
‘Rich Dad, Poor Dad’ Author Explains Why He Supports Bitcoin

‘Rich Dad, Poor Dad’ Author Explains Why He Supports Bitcoin

Billionaire Mark Cuban: Bitcoin Can Be Store of Value but Couldn’t Replace Current System

Billionaire Mark Cuban: Bitcoin Can Be Store of Value but Couldn’t Replace Current System

No, SpaceX Is Not Giving Away Bitcoin. Don't Fall for This Elon Musk Scam

No, SpaceX Is Not Giving Away Bitcoin. Don't Fall for This Elon Musk Scam