Why The SEC’s Stance On Bitcoin ETFs May Need To Change

a bitcoin exchange-traded fund proposed by Van Eck Associates Corporation that would have directly tracked bitcoin’s spot price movements.

In the rejection, the SEC said Cboe had not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6, in particular, the requirement that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.

The SEC’s reason for rejecting the Winklevoss ETF and more subsequent applications has been rooted in the Commission's concerns over fraud and manipulation in the bitcoin market. The SEC states on their website that the Commision “strives to promote a market environment that is worthy of the public’s trust and characterized by transparency and integrity” and its mission “is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.

Approving a physical Bitcoin ETF would arguably offer better protections than what’s available on the markets today.”How Bitcoin Futures Products Made It Through

Hello friends! The world is changing. do ESG revolution i do ESG blockchain revolution. What is the ESG revolution and why is it an evolutionary inevitability. join us!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Square Changes Name to Block, Days After CEO Jack Dorsey Leaves TwitterThe name change comes shortly after the company’s CEO, Jack Dorsey, stepped down at Twitter and aligns with his interest in bitcoin and blockchain. Block is more than just a car company. This exactly what's up with Jack!. He was elected. Deal.
Source: WSJ - 🏆 98. / 63 Read more »

Why You Don't Need an Expensive Roasting PanWhich type of roasting pan offers the best value, and, more importantly, which one do you really need? But makes it tougher to make some jus
Source: seriouseats - 🏆 410. / 53 Read more »

Wall Street thinks new Twitter CEO Agrawal is too much of an insiderWall Street thinks new Twitter CEO Parag Agrawal is too much of an insider to bring needed change to the company For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander_Jenis Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success 华尔街认为，新任推特首席执行官帕拉格·阿格拉瓦尔（ParagAgrawal）太过内行，无法给公司带来必要的改变 I entrusted Dennismayson9 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson9 and get a good mentorship and safe trading.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jack Dorsey-Led Square Changes Name To Block, Doubling Down On Crypto FocusThe new name is a reference to the blockchain technology that powers bitcoin
Source: Forbes - 🏆 394. / 53 Read more »

27 Last-Minute Gifts That That Look Nothing Like Last-Minute'Why, yes, I did order these two months ago!' when did shopping on december 1 become last minute 😭
Source: Food52 - 🏆 113. / 63 Read more »

Rep. Tim Burchett Calls BS on Pentagon Heading Up UFO ResearchHere's why the Pentagon's resuming control of UFO news, per Rep. Burchett.
Source: TMZ - 🏆 379. / 59 Read more »