US Sec is reviewing Bitcoin Etf rejections

[xtinepink]

Just few days ago, US Sec reject 9 bitcoin Etf propals. Now they switch things up. 

The US Sec is now ready to review again the disapproved orders for those 9 bitcoin ETFs. 

SEC secretary Brent Fields letters to other companies addressed to different persons 

“THIS LETTER IS TO NOTIFY YOU THAT, PURSUANT TO RULE 43 I OF THE COMMISSION'S RULES OF PRACTICE, 17 CFR 20 I .43 1, THE COMMISSION WILL REVIEW THE DELEGATED ACTION. IN ACCORDANCE WITH RULE 431 (E), THE AUGUST 22 ORDER IS STAYED UNTIL THE COMMISSION ORDERS OTHERWISE."

The Senior SEC officials will review those orders, though they still didn’t mention as to when the review will be completed.

 

Bitcoin Etf is something that many people are looking forward into, we will still be waiting for this announcements. What are your thoughts about this matter?

 

source: 

https://www.coindesk.com/sec-says-it-will-review-bitcoin-etf-rejections/amp/?__twitter_impression=true

[Kate]

Well if this would give rise to btc imo which may not then it would be good 

[wry]

This is good news, but I don't think it will help.  For some reason the SEC is okay with US investors betting on the PRICE of bitcoin via a futures market but will not allow investors to own bitcoin through an ETF.   It just shows what a racket the US public markets have become.  It is just sad.