SEC's Ambiguity on Bitcoin ETF Approval

SEC's Ambiguity on Bitcoin ETF Approval



In light of Commissioner Hester Peirce expressing doubts about the SEC's reasoning for not approving a Bitcoin ETF, John E Deaton, an attorney at Crypto-Law US, offers insights into the implications for the general public.



There's a potential that we might see an approval either by the end of this year or, at the latest, by the end of the first three months of 2024.



Commissioner Hester Peirce voiced her reservations concerning the SEC's schedule for giving a nod to a Bitcoin spot fund. Being a strong supporter of the spot Bitcoin ETF, Peirce emphasized that although the ongoing lawsuit plays a pivotal role, she finds it challenging to gauge the viewpoint of her fellow commissioners.She remarked, “Understanding the reasons for our delay in approving a Bitcoin ETF eludes me. While the legal proceedings do play a role, speculating o


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#Bitcoin, #BitcoinETF, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News

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