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

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Fri, 24/08/2018 - 14:07
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SEC’s Rejection of Bitcoin ETF Applications Is Under Pending Review
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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. 
 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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