According to an official document published Thursday, Dec. 6, the new deadline is set for Feb. 27, 2019. The delay is to further review the rule change proposals to list a Bitcoin ETF by investment firm VanEck and blockchain company SolidX on the Chicago Board Options Exchange (CBOE):
According to the Securities and Exchange Act, the commission must “issue an order approving or disapproving the proposed rule change not later than 180 days” after the date of publication of the notice. The period may be extended by a period of 60 days, if the commission deems it necessary.
Later the commission claimed that the agency has not “reached any conclusions with respect to any of the issues” on the rule change and demanded further comments regarding the decision. In October, a deadline was set for a number of applications for Bitcoin ETFs to submit their comments about proposed rule changes.
Recently the pro-crypto SEC commissioner Hester Peirce, who received the title of “Crypto Mom,” claims that ‘Definitely Possible’:
However soon after this statement bubbled up, SEC commissioner Jay Clayton busted it by stating that before an approval can be given, the market needs some key upgrades. Later he went on to claim that BTC is not a security.
bestadmin
