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.
You May Also Like
SEC threatens Coinbase with legal action
Representatives of the cryptocurrency exchange said that the Commission is threatening them with legal proceedings due to preparations for the launch of the landing program.
China reported taking control of the cryptocurrency sector
The Chinese regulator reported that it has successfully taken control of the country's cryptocurrency sector and eliminated the threat of digital assets.
