SEC Head on Bitcoin ETFs: “We’re Not Going to Relax Our Rules”

[kreslik.news]

Jay Clayton of the Securities and Exchange Commission has made further comments about cryptocurrency ETFs, which his agency has so far refused to approve for a licence.

Speaking at the Consensus Invest Conference in Manhattan, he basically said that the underlying market is not yet developed enough to support this product.

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Hurdles

This itself is not new. When the SEC rejected the Bitcoin ETF the New York Stock Exchange in August, it said that the market would be under significant threat of market manipulation because the underlying asset – Bitcoin futures – ... (read more)