CryptoNews
vip

#GT# #BTC# #XRP# #ETH# #DOGE# ๐Ÿ’ฏ๐Ÿช™๐Ÿ“Šโ‰๏ธ๐Ÿšจ๐Ÿš€๐ŸŽฏโœ…๐Ÿ’ฐ


The cryptocurrency team of the U.S. Securities and Exchange Commission criticizes the ETF process ๐Ÿšจ?
The head of the working team at the Securities and Exchange Commission criticizes the approval process for exchange-traded funds.
Highlighting the need for transparency in the market.
The potential expansion of the cryptocurrency products market.
The U.S. Securities and Exchange Commission's cryptocurrency team criticizes the process of exchange-traded funds.
Hester Peirce, the head of the cryptocurrency task force at the U.S. Securities and Exchange Commission, expressed her concerns regarding the approval process for cryptocurrency exchange-traded funds during a roundtable recently held in Washington, D.C.
The criticisms of the U.S. Securities and Exchange Commission regarding the approval of cryptocurrency exchange-traded funds reflect broader regulatory issues, impacting market transparency and potential innovation.
Hester Peirce, the head of the SEC's advisory team, criticized the approval process for cryptocurrency exchange-traded funds, emphasizing the importance of patience and transparency. Previously, the SEC approved spot Bitcoin exchange-traded funds in 2024 after a court ruling called for explanations of previous rejections. The working group aims to clarify the criteria. Peirce noted that "the SEC's inconsistent treatment of cryptocurrency assets has stifled innovation and forced companies to operate in a murky legal area or leave the United States entirely." The working group is addressing the regulatory challenges of cryptocurrencies, focusing on defining cryptocurrency assets as securities and exploring registered token offerings. The Cumberland letter argued that many cryptocurrency transactions are not securities. Peirce highlights the need for clear guidance to foster innovation while ensuring compliance.
The approval of spot Bitcoin exchange-traded funds in January 2024 represents a shift in cryptocurrency market trends, bolstered by a promise of clearer guidelines. Regulatory clarity may lead to increased investor confidence and broaden access to the market, benefiting investments.
View Original
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
CryptoForBetterLifevip
ยท 05-10 02:18
GoooooooooooooooD
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate.io app
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)