The Securities and Exchange Commission (SEC) has once again proven its inability to make decisions regarding a cryptocurrency exchange-traded fund (ETF). This time, the helpless victim waiting on the sidelines is Bitwise, which initially filed for its ETF two months ago in January. A section of the Securities and Exchange Act of 1934 states that the SEC can postpone a decision-making process by up to 45 days on specific filings. This 45-day period can then be extended to 90 days granted the SEC finds reasons for the extension and then publishes those reasons publicly. In an official statement, the SEC
The post SEC Continues Lazy Crypto Streak by Postponing Bitwise Bitcoin ETF appeared first on CCN
source https://www.ccn.com/sec-continues-lazy-crypto-streak-by-postponing-bitwise-bitcoin-etf
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