SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner242.57

A commissioner of the U.S. Securities and Exchange Commission (SEC) has voiced her opinion that the agency overstepped its bounds to reject a bitcoin ETF recently based on the underlying asset, bitcoin. She believes that the role of the SEC is to consider the market for the ETF, not the underlying asset itself.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Original source
https://news.bitcoin.com/sec-jurisdiction-bitcoin-etf/

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