Spot Bitcoin ETF: SEC imposes “additional procedure”
It is impossible not to note the obvious ill will of the United States Securities and Exchange Commission (SEC) in the matter of spot Bitcoin ETFs. A situation which even caused his detestable boss Gary Gensler to be officially scolded by the US Congress at the beginning of last week.
In the Valkyrie spot Bitcoin ETF filing, additional proceedings are requested to determine “the compatibility of the proposed rule change with section 6(b)(5) of the Act.” And in order to no longer feel too alone in the face of Congress, Gary Gensler calls on “commentators”. This is in order to debate what is presented as “reasons for disapproval still under study”.