There is a slight possibility that the US Securities and Exchange Commission (SEC) might reverse its decision to reject nine Bitcoin-related exchange-traded funds (ETFs). SEC secretary Brent Fields said in a letter to the New York Stock Exchange (NYSE) that the commission chairman and commissioners would review the action delegated to its staff, but that until then the current decision is valid.
“This letter is to notify you that, pursuant to Rule 431 of the Commission's Rules of Practice, 17 CFR 201.431, 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 letter reads.
“The Office of the Secretary will notify you of any pertinent action taken by the Commissi...
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