The US Securities and Exchange Commission (SEC) decided to reconsider its decision on Wednesday to deny proposals for the creation of cryptocurrency ETFs.
According to CCN, these refusals once again underscored the commission's reluctance to create more accessible conditions for retail investors. However, on Thursday the SEC said it would reconsider these proposals at a re-meeting led by Chairman Jay Clayton.
According to the chairman, the refusals were drafted by employees on behalf of SEC management. As Commissioner Hester Pierce explained, the commission typically delegates such decisions to its staff, but reserves the ability to review it.
Pearce, who recently criticized the SEC's denial of the Winklevoss brothers, released a copy of the letter indicating that the commission's chairman and commissioners will personally review the denials to ensure they were drafted in accordance with SEC rules.
The letter has no signature and does not indicate exactly when the commission should make a decision. The US Securities and Exchange Commission (SEC) decided to reconsider its decision on Wednesday to deny proposals for the creation of cryptocurrency ETFs.
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