Fox Reporter Eleanor Terrett has recently highlighted a significant procedural aspect of the U.S. Securities and Exchange Commission (SEC) that could influence the fate of the much-anticipated spot Bitcoin Exchange-Traded Fund (ETF) approval.
According to Terrett’s January 9th tweet, even though there is no scheduled commission vote on the Bitcoin ETF, each of the five SEC commissioners retains the right to request a review and a full commission vote.
SEC’s Procedural Clause
This procedural nuance could potentially delay the approval of a spot Bitcoin ETF, a development eagerly awaited by the crypto community.
The current SEC commissioners are Gensler, Crenshaw, Peirce, Lizárraga, and Uyeda.
An interesting caveat here on how the 5-member SEC Commission could potentially delay a $BTC Spot ETF approval.
While there’s no scheduled commission vote on the ETF, each commissioner apparently has the right to request a review and full commission vote (under the clause cited… https://t.
We współpracy z: https://cryptopotato.com/spot-bitcoin-etf-approval-faces-potential-delay-due-to-this-clause/
