The House of Representatives criticized the SEC, and the senators urged the SEC to approve the ETF. Gary Gensler, director of the U.S. Securities and Exchange Commission (SEC), said: BTC does not meet the Howey test, which is the country's law as a security, and BTC is not a security. U.S. senators urged the SEC to "immediately approve the spot BTC ETF", saying: The SEC's current "rejection position" is untenable.

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Gary Gensler, director of the U.S. Securities and Exchange Commission (SEC), testified at a hearing held by the U.S. House Financial Services Committee on SEC oversight on September 27. The U.S. House Financial Services Committee said: Throughout his tenure, Gary Gensler, director of the U.S. Securities and Exchange Commission (SEC), blatantly ignored Congress, both when considering rulemaking and responding to lawmakers' oversight requests. Republicans will continue to hold the SEC, led by Gensler, accountable for what it should have done long ago. Crypto platform Gemini said that India is the world's leading center for entrepreneurship and technology development, and plans to double the number of employees in the Gurgaon office from 70 to more than 150 in the next two years, investing 2 billion rupees to develop a development center in Gurgaon. Glassnode data shows that the number of addresses holding more than 10 ETH hit a three-month low of 347,714. Greeks.live said that block trading was very active, with more than 10,000 BTC block call options and more than 100,000 ETH block call options. As the quarterly delivery approaches, more large transactions and position transfers have occurred, and buyers are currently paying some premiums.

Franklin Templeton Asset Management filed a 196-4 filing to initiate the SEC's official review process for its spot BTC ETF. The U.S. Securities and Exchange Commission (SEC) postponed its decision on the proposed ARK21Shares BTC ETF until January 10 next year. The U.S. Securities and Exchange Commission (SEC) postponed its decision on fund management company GlobalX's issuance of a Bitcoin ETF, with the next deadline for the resolution being November 21. Gary Gensler, director of the U.S. Securities and Exchange Commission (SEC), said that he is working with officials of the agency on spot BTC ETFs. Santiment data shows that BTC's trading volume (in terms of dollar value) is at its lowest level since March 2019. The U.S. Securities and Exchange Commission (SEC) has been criticized. Patrick McHenry, director of the U.S. House Financial Services Committee, criticized SEC Director Gary Gensler for his lack of response to regulatory requests. Patrick McHenrv said: "It is shameful that you (referring to the SEC) have not taken any steps to correct legitimate and bipartisan concerns. Our patience is running out." McHenry threatened Gensler, saying that if Gensler continued to ignore regulatory requests, he would receive a subpoena. McHenry pointed out: "I don't think you want to be the first SEC director to receive a congressional subpoena." US congressmen stand from the perspective of regulators to prevent BTC from being out of regulation. They believe that the SEC approved the BTC spot ETF. The regulated spot ETF makes BTC acquisition more transparent and secure, and is more conducive to enhancing investor protection. SEC Director Gary Gensler said: We are working with members of the agency on the spot BTC ETF. This hearing has increased the possibility of the approval of the BTC spot ETF.

The US fiscal budget is difficult to pass, and the risk of the federal government "closing down" due to running out of funds is rising again. If there are no new remedies, the deadline is only 5 days away. Goldman Sachs said: The possibility of a shutdown has risen to 90%. After the shutdown of the government, dozens of economic data that affect the Federal Reserve's November interest rate decision may be delayed, causing the Federal Reserve to postpone the discussion of interest rate hikes. Lloyd Blankfein, former CEO of Goldman Sachs, said: The 5.5% interest rate is too much, the inflation rate may be within 3%, the Federal Reserve will cut interest rates earlier than expected, and a recession is still unlikely. Mathieu Rachete, head of equity strategy at Julius Baer, ​​said that the stock market may still weaken further before mid-October, the stock market is bottoming out, the long-term bull market still exists, and the market may rise before the end of the year. JPMorgan said: A soft landing seems to be important to the Federal Reserve. The Federal Reserve has ended interest rate hikes and will soon turn to interest rate cuts, which will constitute the main bullish factor for the stock market, and the S&P 500 will hit a new high in mid-2024.

SEC Director Gary Gensler believes that BTC is not a security. US Senators urged SEC Directors to "immediately approve the spot BTC ETF". The House of Representatives criticized Gary Gensler for responding to supervision in a timely manner and passing the spot BTC ETF. Bernstein analysts said that the SEC will take a middle road and accept the current spot ETF application, and the possibility of approval at the beginning of next year will be greatly increased. The SEC has few ways out. If it is approved at the beginning of next year, the spot ETF will be listed on Nasdaq. At that time, there will be no need to worry about the long-term issue of "lack of funds on the market" that has troubled the big cake. The stock market is expected to break a new high before the interest rate cut in the middle of next year, and at the same time, it will bring enough funds to support the new cycle. The current problems are all minor problems. ETFs and interest rate cuts will become the main driving forces of the new cycle of the big cake. They will happen, so don't be impatient. Happy Mid-Autumn Festival and Happy National Day. Old friends, go out more to enjoy the maple leaves and scenery during the holidays, spend more time with your family, rest more, and watch the market less. The old man will stop updating from September 28 to October 8 to adjust his work and rest time. #token2049 #美联储是否加息？ #fdusd #带你看看币安Launchpad #解析cyber