10/09/19 07:00 UTC-4

SEC Chairman : work on the Bitcoin ETF is not yet completed

In an interview with CNBC, the chairman of the Securities and Exchange Commission, Jay Clayton, announced the progress of the Bitcoin ETF, but the work has not yet been completed and requires serious consideration.


SEC considers Bitcoin ETF

During the interview, Clayton raised concerns about the approval of the Bitcoin ETF, noting the lack of a proper crypto-storage provider and the threat of price manipulation on unregulated exchanges.

The head of the SEC acknowledged that cryptocurrency enterprises are already much closer to the necessary standards, but they have not yet proven the safety of the Bitcoin ETF for investors.

And this is despite the fact that new custody service providers will appear this year, including the new Fidelity trustee business and Anchorage, the San Francisco-based company.

Interesting in the section: Apartment for Bitcoins. Where you can buy a housing for cryptocurrency

  • Clayton's comments come just a few weeks before the deadline for the two ETF proposals, Bitwise and VanEck/Soldix, is accepted by the SEC on October 13th and 18th.


Editor: Pereyidenko Ihor

See also: "Tether released crypto-yuan. The first $5.6 million tokens are already in circulation"

#SEC #Bitcoin #ETF



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.