{"id":85040,"date":"2023-09-27T10:39:31","date_gmt":"2023-09-27T07:39:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85040"},"modified":"2025-09-12T20:56:05","modified_gmt":"2025-09-12T17:56:05","slug":"sec-delays-ruling-on-bitcoin-etf-lawmakers-urge-immediate-action","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-delays-ruling-on-bitcoin-etf-lawmakers-urge-immediate-action\/","title":{"rendered":"SEC Delays Ruling on Bitcoin ETF; Lawmakers Urge Immediate Action"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/cboebzx\/2023\/34-98530.pdf\">has postponed<\/a> a decision on several applications for a spot Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> from ARK Invest and 21Shares until January 10, 2024.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The SEC believes it prudent to allow a longer period for issuing an order approving or denying the applications, so that it has sufficient time to review the documents,&#8221; the regulator said.<\/p>\n<\/blockquote>\n<p>The agency also <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/cboebzx\/2023\/34-98531.pdf\">moved<\/a> the decision on the Global X Bitcoin Trust ETF to November 21, 2023.<\/p>\n<p>On July 14 the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/sec-takes-up-review-of-spot-bitcoin-etf-applications\">\u043f\u0440\u0438\u043d\u044f\u043b\u0430 \u043a \u0440\u0430\u0441\u0441\u043c\u043e\u0442\u0440\u0435\u043d\u0438\u044e<\/a> \u0437\u0430\u044f\u0432\u043a\u0438 \u043e\u0442 BlackRock, VanEck, Fidelity Investments, Invesco and WisdomTree. \u041f\u043e\u0437\u0434\u043d\u0435\u0435 \u043a \u043d\u0438\u043c \u043f\u0440\u0438\u0441\u043e\u0435\u0434\u0438\u043d\u0438\u043b\u0430\u0441\u044c \u0444\u0438\u0440\u043c\u0430 <a href=\"https:\/\/u1f987.com\/en\/news\/franklin-templeton-files-for-a-spot-bitcoin-etf\">Franklin Templeton<\/a>.<\/p>\n<p>\u041f\u043e\u043a\u0430 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440 \u043d\u0435 \u0434\u0430\u043b \u043d\u0438 \u043e\u0434\u043d\u043e\u0433\u043e \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u044f \u043d\u0430 \u0437\u0430\u043f\u0443\u0441\u043a \u0441\u043f\u043e\u0442\u043e\u0432\u044b\u0445 ETF \u043d\u0430 \u0446\u0438\u0444\u0440\u043e\u0432\u043e\u0435 \u0437\u043e\u043b\u043e\u0442\u043e. \u0418\u0441\u043a\u043b\u044e\u0447\u0435\u043d\u0438\u0435 \u041a\u043e\u043c\u0438\u0441\u0441\u0438\u044f \u0441\u0434\u0435\u043b\u0430\u043b\u0430 \u0434\u043b\u044f \u043f\u043e\u0434\u043e\u0431\u043d\u044b\u0445 \u043f\u0440\u043e\u0434\u0443\u043a\u0442\u043e\u0432 \u043d\u0430 \u0431\u0430\u0437\u0435 \u0444\u044c\u044e\u0447\u0435\u0440\u0441\u043e\u0432 \u043d\u0430 \u043f\u0435\u0440\u0432\u0443\u044e \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u0443 \u043e\u0442 <a href=\"https:\/\/u1f987.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> \u0438 <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>.<\/p>\n<p>31 \u0430\u0432\u0433\u0443\u0441\u0442\u0430 \u0432\u0435\u0434\u043e\u043c\u0441\u0442\u0432\u043e <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-26000-as-sec-decision-on-bitcoin-etfs-weighs-on-markets\">\u043e\u0442\u043b\u043e\u0436\u0438\u043b\u043e \u043f\u0440\u0438\u043d\u044f\u0442\u0438\u0435 \u0440\u0435\u0448\u0435\u043d\u0438\u044f<\/a> \u043f\u043e \u0437\u0430\u044f\u0432\u043a\u0430\u043c \u043a\u0430\u043a \u043c\u0438\u043d\u0438\u043c\u0443\u043c \u0434\u043e \u0441\u0435\u0440\u0435\u0434\u0438\u043d\u044b \u043e\u043a\u0442\u044f\u0431\u0440\u044f. \u0420\u0435\u0448\u0435\u043d\u0438\u0435 SEC \u0432\u044b\u0437\u0432\u0430\u043b\u043e \u043e\u0431\u0432\u0430\u043b \u043a\u0443\u0440\u0441\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043d\u0438\u0436\u0435 $26 000.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Lawmakers express discontent<\/strong><\/h2>\n<p>\u041d\u0435\u0437\u0430\u0434\u043e\u043b\u0433\u043e \u0434\u043e \u043f\u0435\u0440\u0435\u043d\u043e\u0441\u0430 \u0440\u0435\u0448\u0435\u043d\u0438\u044f SEC \u0433\u0440\u0443\u043f\u043f\u0430 \u0438\u0437 \u0447\u0435\u0442\u044b\u0440\u0435\u0445 \u0447\u043b\u0435\u043d\u043e\u0432 \u041a\u043e\u043d\u0433\u0440\u0435\u0441\u0441\u0430 <a href=\"https:\/\/flood.house.gov\/sites\/evo-subsites\/flood.house.gov\/files\/evo-media-document\/sec-bitcoin-spot-etf-letter-signature-check.pdf\">\u043e\u0431\u0440\u0430\u0442\u0438\u043b\u0430\u0441\u044c<\/a> \u043a \u043f\u0440\u0435\u0434\u0441\u0435\u0434\u0430\u0442\u0435\u043b\u044e \u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0413\u044d\u0440\u0438 \u0413\u0435\u043d\u0441\u043b\u0435\u0440\u0443 \u0441 \u0442\u0440\u0435\u0431\u043e\u0432\u0430\u043d\u0438\u0435\u043c \u00ab\u043d\u0435\u043c\u0435\u0434\u043b\u0435\u043d\u043d\u043e\u00bb \u0443\u0442\u0432\u0435\u0440\u0434\u0438\u0442\u044c \u0441\u043f\u043e\u0442\u043e\u0432\u044b\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF.<\/p>\n<p>Representatives Mike Flood, Wiley Nickel, Tom Emmer and Richie Torres say that the regulator &#8220;discriminates against spot crypto products,&#8221; citing the Grayscale Investments precedent.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Regulated spot Bitcoin-<span data-descr=\"Exchange Traded Product \u2014 a product traded on an exchange\" class=\"old_tooltip\">ETP<\/span> will provide enhanced investor protection, offering safer and more transparent access to investment vehicles,&#8221; the letter says.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>Chairman&#8217;s stance<\/strong><\/h2>\n<p>On September 27 Gensler is due to testify before the House Committee on Financial Services. According to <a href=\"https:\/\/docs.house.gov\/meetings\/BA\/BA00\/20230927\/116403\/HHRG-118-BA00-Wstate-GenslerG-20230927.pdf\">the prepared testimony<\/a>, he remains intent on pursuing a tough stance on digital assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Given the industry&#8217;s widespread noncompliance with securities laws, it is not surprising that we see a host of problems in these markets. We&#8217;ve seen a similar story before. It harks back to the 1920s, before federal securities laws were enacted,&#8221; the official said.<\/p>\n<\/blockquote>\n<p>He also reiterates his thesis that the majority of digital assets and related companies fall under securities laws.<\/p>\n<p>Gensler cited the agency&#8217;s rules, including the April <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-77\">press release<\/a>, which states that crypto platforms are already part of the definition of an exchange, including DeFi protocols.<\/p>\n<p>As noted in September 2023, the head of the SEC once again <a href=\"https:\/\/u1f987.com\/en\/news\/sec-chair-warns-of-harm-to-the-economy-from-cryptocurrencies\">\u043f\u043e\u0434\u0442\u0432\u0435\u0440\u0434\u0438\u043b<\/a> his position on digital assets, noting their potential harm to the global financial system.<\/p>\n<p>In August, U.S. Representative Warren Davidson <a href=\"https:\/\/u1f987.com\/en\/news\/congress-proposes-to-oust-sec-chair-after-court-ruling-on-bitcoin-etf\">\u043f\u0440\u0438\u0437\u0432\u0430\u043b \u043e\u0442\u0441\u0442\u0440\u0430\u043d\u0438\u0442\u044c<\/a> Gensler from his post as head of the agency amid a bungled case against Grayscale. He was preceded by a partial defeat of the regulator in the Ripple case <a href=\"https:\/\/u1f987.com\/en\/news\/sec-appeals-ripples-challenge-to-xrp-status-appeal\">Ripple<\/a>.<\/p>\n<p>Subsequently, the media <a href=\"https:\/\/u1f987.com\/en\/news\/media-accuse-gary-gensler-of-turning-the-sec-into-a-banana-republic\">\u043e\u0431\u0432\u0438\u043d\u0438\u043b\u0438<\/a> the SEC chairman of turning the agency into a &#8220;banana republic&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission delayed ruling on several applications for a spot Bitcoin-ETF from ARK Invest and 21Shares until January 10, 2024.<\/p>\n","protected":false},"author":1,"featured_media":85041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1150,36,128],"class_list":["post-85040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-news-plus","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85040"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85040\/revisions"}],"predecessor-version":[{"id":85042,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85040\/revisions\/85042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85041"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}