SEC is not Against Crypto ETF – Bitwise Explains

Over the past couple of years, SEC has been ruthless in delaying and denying the Bitcoin ETF. But still the latest entrant in this race of Bitcoin ETF, Bitwise Asset Management feels SEC is not Anti Crypto but it usually takes time to approve the “first” ETF in every category that has appeared in front of it.
SEC wants to be absolutely sure before it gives investors access to crypto markets
Contributing to Anthony Pompliano’s blog, the team at Bitwise Asset Management have given some fantastic insights on SEC and it’s the regulators thought process on the Bitcoin ETF. Bitwise also gives some views on how the industry is anticipating the Bitcoin ETF and whether there is a need of one.
According to the post, the biggest misconception that the industry today is encountering while discussing the outlook for a crypto ETF is the belief that the SEC is fundamentally anti-crypto. The major reason for such a view for SEC comes from the fact that the regulator has had multiple delays in approving the first Bitcoin ETF. But if one looks at the history the every “first” in the ETF industry had to wait for multiple years before crossing the line. Bitwise list downs the “firsts” and the time each one has taken to cross it. It took

More than six years between the first filing for a leveraged ETF and the first SEC approval;
Nearly six years between the publication of the SEC’s first “conceptual release” on actively managed ETFs and the approval of the first active ETF;
Nine years between the launch of the first ETF and the launch of the first fixed-income ETF, despite significant efforts in the interim.

Even the relative faster approvals that came in for innovation, like self-indexing and commodities, it still took quite some time for the approvals to come in. According to the post
“The fastest major “first” may have been gold bullion, as it took “only” two years from idea to launch of the first U.S.-listed gold bullion ETF (ticker: GLD). That speed, however, had a cost: According to the Wall Street Journal, the World Gold Council spent $14 million developing the fund. Not to mention that gold is an asset that’s been around for thousands of years, or that a gold bullion ETF launched first in Australia.”
Looking at the facts that Bitwise has put forward, it looks like SEC may delay but will surely approve Bitcoin ETF, but only ones its queries are sorted and it has enough confidence that the investor interest is protected in this process.
When do think the first Bitcoin ETF will finally be approved? Do let us know your views on the same.
The post SEC is not Against Crypto ETF – Bitwise Explains appeared first on Coingape.
Source: CoinGape

Bitcoin ETF will not be automatically approved due to US government shutdown, says litigation attorney

Bitcoin [BTC]’s ETF approval has been a long-standing saga plagued with a lot of ups and downs. While proponents of the cryptocurrency have been trying hard to get it off the ground, the Securities and Exchanges Commission [SEC] of the United States has ensured that the decision remains postponed.
As it stands, the deadline for the decision is February 27, a date that some think will be reviewed because of the ongoing US government shutdown imposed by Donald Trump. Jake Chervinsky, a recognized lawyer and a government enforcement securities litigation attorney, gave his views on the VanEck/SolidX Bitcoin ETF by tweeting:
“The VanEck/SolidX bitcoin ETF won’t be automatically approved just because the US government is shut down. I’ve seen a lot of confusion & misinformation about how the shutdown affects the SEC and its process for handling ETF proposals. I’ll try to explain here.”
Chervinsky stated that the February 27 deadline is imposed by Federal statute, which means that the government shutdown does not affect it all. Being under the federal statute, the current law imposed on the Bitcoin ETF stands if the government functions or not.
He further stated that another power of the statute is prohibiting the SEC from changing the deadline in any capacity. This caveat theoretically implies that if left undecided, the Bitcoin ETF gets automatically approved.
The lawyer went on to say that such a situation was utopian and that the SEC still had a workforce toiling to carry out its stipulated processes. In his words:
“It’s true that the SEC has stopped nearly all of its work due to the shutdown & furloughed most of its employees. That includes the majority of staff members in the Division of Trading & Markets, which handles proposed rule changes.”
He carried on by saying:
“But the SEC still has a small number of staff members available to handle “excepted” functions, which mostly refers to urgent law enforcement matters, but also includes “activities necessary for a short period in order to ensure an orderly shutdown of operations.”
Jake Chervinsky opined that the remaining officials will ensure commodities such as the Bitcoin ETF will be blocked from being automatically approved, pointing to the January event where the SEC extended a deadline related to Nasdaq PHLX.
He stated that in case the Bitcoin ETF gets approved, then there are two things that could happen; either the SEC will let the auto-approval occur because it had already approved it earlier or the remaining workforce in the SEC will not be allowed to function.
Furthermore, Chervinsky thinks that if the government shutdown extends all the way till February 27, the chance of the Bitcoin ETF getting approved is negligible.  This statement was based off the SEC’s rule on Page 18, which says:
“The SEC will discontinue “review and approval of applications for registration . . . with respect to new financial products.”
He closed his argument by stating that due to the shutdown, the odds of the Bitcoin ETF getting rejected was much higher than that of it getting approved. Chervinsky also gave his comment on Intercontinental Exchange’s Bakkt by saying:
“Unlike the SEC, the CFTC has no statutory deadline for making a decision on Bakkt, so it can delay as long as it wants. Don’t expect anything on Bakkt until after the shutdown (maybe months after).”
The post Bitcoin ETF will not be automatically approved due to US government shutdown, says litigation attorney appeared first on AMBCrypto.
Source: AMB Crypto

Ongoing U.S. Shutdown Casts Shadow on VanEck Bitcoin ETF Approval

CoinSpeaker

Ongoing U.S. Shutdown Casts Shadow on VanEck Bitcoin ETF Approval

American lawyer Jake Chervinsky explains that despite the U.S. shut down the SEC has provision to act on VanEck Bitcoin ETF. However, ETF executives remain confident.

Ongoing U.S. Shutdown Casts Shadow on VanEck Bitcoin ETF Approval

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Source: CoinSpeaker

All You Need to Know About the Security Token Offering

CoinSpeaker

All You Need to Know About the Security Token Offering

Victor Larionov, crypto expert, CEO at Priority Token and partner at Hax Ventures, shares what hides behind Security Token Offering, explains how it differs from ICO unveiling what potential it holds for the whole industry.

All You Need to Know About the Security Token Offering

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Source: CoinSpeaker

The ETF’s Just Got Interesting, SEC Freezing All Pending Proceedings As a Result of Govt. Shutdown

A release hit SEC’s website on early Jan 16, 2019, notifying the report on ‘Pending Administrative Proceedings. What is more interesting is what happens to filed ETF’s in case SEC does not reply back before the deadline? As per the resource, there are already 160 companies that have filed to get IPO with the SEC and the government closure is screwing it up all.
What Does Freezing Proceedings Means For ETF Approval?
Soon after the release, Jake Chervinsky who is a lawyer with Kobre & Kim clarified on Twitter that ‘SEC is freezing all pending administrative proceedings till further announcement’. He also informed that the commission has already canceled several meetings with government lawyers. Following his announcement on Twitter, a bunch of comments with queries came up. One such Twitter handle ask,
‘whether ETF will be approved automatically after 02/15 if Government still shut down?
The question, was compelling because, on Jan 07, 2019, Jake claimed that the ‘technically ETF will be automatically approved if SEC fails to declare the status by the deadline’. Nevertheless, he also said that ‘this won’t happen in reality’.

Technically, if the SEC fails to approve or deny an ETF by the deadline, the ETF is automatically approved under 15 U.S.C. § 78s(b)(2)(D).
In reality, that won't happen. The SEC will handle it one way or another: a one-page denial, a request for withdrawal, or something else.
— Jake Chervinsky (@jchervinsky) January 7, 2019

Furthermore, as a response to the latest query, he explained that ‘freeze doesn’t impact the ETF approval process.

No, yesterday's order freezing administrative proceedings does not impact the ETF approval process. I stand by the following:https://t.co/1UxcZQ5tbn
— Jake Chervinsky (@jchervinsky) January 17, 2019

Moreover, he says that the automatic approval will not happen due to deadline expiration and SEC has already issued an order on January 09, 2019. Nevertheless, the order related to Nasdaq PHLX indicates the rule change which reads as follows;
The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission pursuant to Section 19(b)(2) of the Act,6 designates February 24, 2019, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRPHLX-2018-72).
Nonetheless, with the ongoing federal government shut down, the SEC has a skeleton crew to take care of the matter. In fact, the resource revealed since the market shut down (on December 27, 2018) SEC has just 285 members out of 4,436 total employees. Additionally, the crew is mainly responsible to address emergency situations (that includes, investor protection, market integrity, and law enforcement)
Accordingly, the Commission stays all pending administrative proceedings initiated by an order instituting proceedings that set the matter down for a hearing before either an administrative law judge or the Commission. The stay is effective immediately and shall remain operative pending further order of the Commission., states announcement.
Freezing All Pending Proceedings- SEC
Earlier, SEC released a draft wherein it mentioned that the ‘SEC’s staff is prohibited to perform ongoing functions’. A statement in an announcement reads that;
The Securities and Exchange Commission has experienced a lapse in appropriations. Absent an appropriation, the staff of the Commission is prohibited from performing the ongoing, regular functions of government except in very limited circumstances, including “emergencies involving the safety of human life or the protection of property.”

How do you think this will affect ETF?
The post The ETF’s Just Got Interesting, SEC Freezing All Pending Proceedings As a Result of Govt. Shutdown appeared first on Coingape.
Source: CoinGape

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

CoinSpeaker

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

The ongoing government shutdown achieved a new milestone on Friday by hitting the record for the longest shutdown in US history. While all the spheres are negatively affected, this has laso put key developments in the crypto space on hold.

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

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Source: CoinSpeaker

Breaking News: BitMEX Fears Regulator’s Crack Down, Ditches North American Markets

One of the active crypto exchange and the Bitcoin futures trading platform, BitMEX is shutting client’s trading accounts in US and Quebec. Per SCMP, this move is a result of the Quebec regulator’s action on curbing unauthorized exchanges.
Image Source: Bitmex
BitMEX Under Regulatory Pressure
Back in early 2018, Autorite des marches financiers (AMF), Quebec’s financial regulators urged to close all accounts linked with BitMEX exchange. This is because AMF identified that the exchange is not registered with AMF and thus not authorized to provide trading services. Nevertheless, an official announcement calls ‘the trading activities of BitMEX is illegal’ henceforth all linked accounts must be immediately closed.
tradi“BitMEX is not registered with the AMF and is therefore not authorized to have activities in the province of Quebec,”
According to the various sources, BitMEX’s major user base, specifically, a one-seventh portion comes from US-based traders. Nevertheless, the specific matter behind exchange’s US account closure is still out of sight and whether or not BitMEX is already registered with SEC is also not known. SEC (Securities and Exchange Commission) is continuously eyeing on unregulated and illicit crypto activities but it has declined to comment on BitMEX’s decision, IMF said. Nonetheless, the US-traders closure on BitMEX was also reported back in November 2018 by users on social media.

Just got my @BitMEXdotcom account terminated on suspicion of being a US Citizen. Anyone else find the timing of this odd?The 900+ affiliates that accounted for half my income r gone going forward.After #Unconfiscatable Conf expect prices on all services offered by me to rise. https://t.co/6bShmcdBEF
— Tone Vays [@Bitcoin] (@ToneVays) November 12, 2018

Beside SEC, Arthur Hayes who is the co-founder and chief executive at BitMEX also declined to respond to the decision. Moreover, the graph of BitMEX trading over the past year has also declined with the falling graph of Bitcoin.
Conclusively, the regulatory frameworks and market break down are typically the key reason behind BitMEX’s closure. At press time, BitMEX counts the trading volume $928,723,978 where the leading cryptocurrency, Bitcoin is trading at $3662.50. Additionally, it is noted that few BitMEX users switched to trade Bitcoin futures when Bitcoin suddenly dumped in 2017 from its peak of almost $20000. According to the data from coinmarketcap, Bitcoin is valuing $3679.79 with positive growth of 2.99 percent during 24hrs.
image source – https://coinmarketcap.com/currencies/bitcoin/
What do you think of BitMEX’s decision? Share your thoughts.
The post Breaking News: BitMEX Fears Regulator’s Crack Down, Ditches North American Markets appeared first on Coingape.
Source: CoinGape

SEC Puts Top Priority on Cryptocurrency ‘Examination’ in 2019

CoinSpeaker

SEC Puts Top Priority on Cryptocurrency ‘Examination’ in 2019

The regulatory watchdog has recently published a report which talks about the examination and compliance inspection of the emerging cryptocurrency market.

SEC Puts Top Priority on Cryptocurrency ‘Examination’ in 2019

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Source: CoinSpeaker

Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance

CoinSpeaker

Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance

The former SEC attorney will help Tron build effective interaction with financial authorities as its first head of compliance.

Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance

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Source: CoinSpeaker

We Still Have Some Time Left For A Bitcoin ETF, Says eToro Chief

A lot of people expect Bitcoin ETF to clear its US SEC regulatory hurdle by Q1 2019. While, there’s still some time for the regulators to announce their decision, eToro’s CEO Yoni Assia believes Bitcoin ETF will not be around for some time at least.
Market Conditions and Nature of Crypto Industry making things difficult
Yoni Assia, who was near accurate in his visions in the past for the crypto industry, recently shared his thoughts at the Israel Bitcoin Summit which was held at Tel Aviv University this Wednesday. According to him, while the industry is still excited for the Bitcoin ETF to get an approval, both market conditions and the nature of the cryptocurrency industry makes it unlikely that the US SEC would give a green signal to a cryptocurrency ETF.
Following on from this, Yoni mentioned that the recent downfall in the crypto markets has lent credibility to the view that the cryptocurrency market is destined to fail and, as a corollary of that, lose people money.
“The people that said ‘crypto is a bubble, people are going to lose their money’ are now the smart people in the room because they were right”, said the eToro CEO. “Those people get credit [and can] delay things a bit further. So I think it’s going to be a while before we see an ETF but you never know.”
Assia also added that it’s really difficult to get the SEC to agree upon the way crypto industry and exchanges function. To quote him;
“The American capital markets, for the SEC, are already like a blockchain, they can monitor every single transaction that takes place. So when they look at crypto and all these exchanges spread across the world that doesn’t have control, and will probably never have control, they understand they can’t necessarily [prevent price manipulation] – and that’s a new paradigm for them.”
While Assia was bearish on the ETF, he was still pretty bullish on the cryptocurrency space. According to him, the world will see a whole new country adopting cryptocurrency in the near future and it will destroy that country’s banking system. To quote him
“It is inevitable that in the next five years we’re going to see at least one country where people flock to Bitcoin,” said Assia. “All the banks in that country [will] go bankrupt and the government has zero chance of reviving the banking system because there is no need for local currency or local bank.”
He also said
“But it’s inevitable that it will lead some governments to bankruptcy – so the fact that some of them are blocking it does make sense. But the average lifespan of a fiat currency is 30 years, so could all live to see fiat currencies disappear.”
While Yoni’s assumptions are quite tall, the position he is in, his comments cant be taken lightly. While the wait for the Bitcoin ETF continues, let’s keep fingers crossed that the application crosses the SEC barrier sooner.
Will the SEC duck the IPO this time as well or will the crypto industry gets it holy grail? Do let us know your views on the same.
The post We Still Have Some Time Left For A Bitcoin ETF, Says eToro Chief appeared first on Coingape.
Source: CoinGape

Crypto Millionaire Proves Why Guaranteed Returns Are A Dangerous Red Flag

The United States Securities and Exchange Commission works to educate potential crypto investors on the pitfalls of investment scams, calling out certain “red flags” investors can look out for that may indicate the investment opportunity could be a scam. Among the most glaring of the red flags cited, are the promise of guaranteed returns.
A new report out of Hong Kong is proving to be the perfect example of why investors should avoid any promise of guaranteed returns, even if the person behind the investment is a self-made Bitcoin millionaire who makes money fall from the sky.
Bitcoin Millionaire Accused of Defrauding Hong Kong Investors
Hong Kong-based cryptocurrency business man Wong Ching-kit is in hot water currently, as investors in the region are claiming the millionaire defrauded them out of HK$3 million as part of a cryptocurrency mining investment scam.
Four investors are demanding a full refund from Wong, each offering losses ranging from HK$20,000 to HK$1 million, however, police say that ten others have claimed Wong scammed them out of an additional HK$940,000 through the same phony cryptocurrency business.
Related Reading | Hong Kong Bitcoin Wiz Throws Millions From Rooftops
The burned investors claim that Wong sold them crypto mining hardware specifically designed to mine the Filecoin cryptocurrency Wong promotes. Investors who purchased the cryptocurrency miner from Wong and his business were promised to make a profitable return on their investment within three months.
Investors felt safe given the assurance that their initial investment would pay off so quickly, and were even promised a full refund – a refund that has since not been honored. An investor who provided the name Ms. Chiu explained that when attempting to receive a refund, Wong used “delaying tactics and made different excuses to turn us down.”
Wong took to Facebook, but fell short of denying the accusations investors are making, instead suggesting the investors are just upset because they lost money. “When they make money, there is no thank you. When they lose money, they call it a scam” he said.
Beware of Red Flags in Crypto and Bitcoin Related Investments
As for why investors may have been duped into believing Wong and his claims, the 24-year-old did indeed became a millionaire by investing in Bitcoin. Wong, who also goes by the nicknames “Mr. Coin” and “Coin Young Master” also pulled some infamous publicity stunts to improve his reputation, including making money fall from the sky by tossing at least $6,000 in fiat currency from a Hong Kong high-rise.
Related Reading | SEC Educates Investors On Red Flags By Launching Fake Crypto Site
This case of fraud allegations serves as a perfect example of why crypto investors need to beware of any investments that present red flags such as guaranteed returns. Other red flags include celebrity endorsements, the ability to invest with a credit card, and more.

Featured Image from Shutterstock

The post Crypto Millionaire Proves Why Guaranteed Returns Are A Dangerous Red Flag appeared first on NewsBTC.
Source: New feedNewsBTC.com

“Terrible reporting”, Craig Wright on Reports of a Bill to Exclude Cryptocurrencies from Securities

A few days back, major media reported that two congressmen had proposed a bill to SEC, looking to have a new Act. The proposed bill seeks to remove cryptocurrencies from the 72-year-old securities definition and urged to define it under new Act called, ‘Token Taxonomy Act’.
“No, they’re not. Terrible Reporting”
Although it was widely discussed across the web and social media back in December 2018 Craig Wright, the nChain chief scientist addressed media today, stating that ‘it’s not real’. Nevertheless, SEC didn’t acknowledge anything officially yet. He pointed out to the report of CNBC as ‘Terrible reporting’ which was shared on Twitter, indicating that the proposed bill is ‘a sign Congress is taking the industry seriously and if it passes massive news for #crypto’.

https://twitter.com/ProfFaustus/status/1081603346912501762
When the report was first revealed, many users appreciate the efforts; as reported by Coingape, Anthony Pompliano said ‘Virus is Spreading’. Nevertheless, he said that the ‘new assets need proper and modern regulations’.

WHOA.
Two members of the House of Representatives are introducing a bill to exclude cryptocurrencies from the SEC’s definition of securities, according to @Kr00ney.
THE VIRUS IS SPREADING 🚀
— Pomp 🌪 (@APompliano) December 20, 2018

 
SEC and cryptocurrency have been a hotbed of talk so far and as such, the enforcement initiative is likely focusing on few aspects of cryptocurrency but not other issues concerning the crypto market. Contrary to Craig, other proponents and leaders in the crypto industry including Coincentre welcomed and encouraged the bill. It said that,
“We are happy to see continued action from Congress to implement common-sense clarifications and adjustments to the regulatory treatment of cryptocurrencies.”
Moreover, the bill is yet to be presented to the Securities and Exchange Commission and thus yet to be passed.
Citing Craig’s comment as ‘fake news’, what’s your stake? 
The post “Terrible reporting”, Craig Wright on Reports of a Bill to Exclude Cryptocurrencies from Securities appeared first on Coingape.
Source: CoinGape

Year-Long Crypto Winter Increases Lay Off, Turning Former Employees to Whistleblowers

As the market continues to experience the declining graph, some major crypto companies have announced the plan to start a massive round of layoffs. The latest tweet by Jake Chervinsky, a government enforcement defense lawyer, indicates ‘more layoffs in near future and it may turn former employees to become whistleblowers’.
The tweet reads;

As the bear market deepens, more crypto companies will have to lay off employees to keep the lights on.
This creates a new risk: disgruntled former employees often become whistleblowers, especially if they have valuable intel that entitles them to an SEC or CFTC bounty reward.
— Jake Chervinsky (@jchervinsky) December 29, 2018

Crypto Industry Wide Layoffs
Recently, two of the world’s largest market players, Huobi (cryptocurrency exchange ) and Bitmain Technologies (Cryptocurrency mining chip maker) appeared on bulletins to lay off their staff for various reasons. The official announcement of Bitmain’s lay off on December 17, 2018, states that;
“It’s affirmative. The layoff will start next week and involves more than 50 percent of the entire Bitmain’s headcount.”
In like manner, Huobi’s lay off was discussed on social media and it reveals;

Overexpansion is a common problem in bubbleish cycle. Comparing with its competitors, Bitmain’s 3000 ppl army before the layoff is very clumsy, 80% of their personnel were hired in 2018.
Another weight loss exercise is coming up for another big firm – Huobi. Details 👇🏻👇🏻👇🏻 pic.twitter.com/z3kbogMvdt
— Dovey Wan 🦖 (@DoveyWan) December 27, 2018

Since Bitcoin has reached to a bottom of the graph, major firms are stepping ahead to optimize their staff but at the same time, ‘it can create a new risk’. However, Jake’s analysis states that these employees will have a potential opportunity ‘if they have valuable intel that entitles them to an SEC or CFTC bounty reward’. Very soon the tweet was engaged with numerous opinions from crypto enthusiasts.
CFTC’s Bounty to Encourage Whistleblowers
Moreover, in early 2018, US Commodity Futures Trading Commission (CFTC) announced a new bounty to encourage ‘whistleblowers’ who can be vocal about ‘pump-and-dump’ schemes happening within the firm. CFTC’s announcement further read;
“If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent.”

Interestingly, the former employees of crypto firms (those were in connection with ‘pump-dump- scheme’) might become whistleblowers to enjoy bounties by regulators like CFC and SEC.
So, do you think the lay off will occur across other crypto firms as well? What’s your stake of a prolonged bear market in cryptocurrencies? Let’s share!
The post Year-Long Crypto Winter Increases Lay Off, Turning Former Employees to Whistleblowers appeared first on Coingape.
Source: CoinGape

SEC-Registered Wealthfront Now Supports Coinbase Accounts and Wallets

CoinSpeaker

SEC-Registered Wealthfront Now Supports Coinbase Accounts and Wallets

Citing heavy client demand, Investment advisor Wealthfront announced Coinbase integration which will allow its users to track cryptocurrency investments.

SEC-Registered Wealthfront Now Supports Coinbase Accounts and Wallets

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Source: CoinSpeaker

SEC’s agenda for 2019 gives “particular emphasis” on “digital assets”

The Securities and Exchange Commision has decided to probe further into digital assets or more commonly know as cryptocurrencies. SEC has revealed their agenda that includes the important factors on which they will focus their resources and attention on, and cryptocurrencies have made it to the list.
There is a lot of good news waiting for cryptocurrencies come 2019, some of which include, the Token Taxonomy Act, a bill that redefines “digital assets”. Although this new bill is yet to be passed and approved, things certainly seem bright for the upcoming year.
With SEC’s chairman, Jay Clayton’s silence about XRP and a few other cryptocurrencies this news comes as a boon. Moreover, the Token Taxonomy bill might clear the much-needed clarification around the second largest cryptocurrency, XRP and might finally be listed on important exchanges that were holding back due to regulatory ambiguity.
In addition to the aforementioned bill and SEC’s new announcement, the crypto-community hopes that there might be an actual chance for the approval of Bitcoin ETF.

The press release by SEC stated:
“Office of Compliance Inspections and Examinations (OCIE) publishes its exam priorities annually to promote transparency of its examination program and provide insights into the areas it believes present potentially heightened risk to investors or the integrity of the U.S. capital markets.
It further stated
“This year, particular emphasis will be on digital assets, cybersecurity, and matters of importance to retail investors, including fees, expenses, and conflicts of interest.”
Apart from the above, NYSE’s parent company, ICE’s Bakkt, which is scheduled to be launched on January 24, could also move forward without any friction caused by regulatory bodies.
Cumulatively, the year 2019 could be the year that brings all the heavy-lifters like the financial institutions or banks into mainstream cryptocurrency adoption.
Thinking Crypto commented:
“Please provide more clarity for the crypto market and also approve the Van Eck and CBOE Bitcoin ETFs, dont let the US get left behind in the crypto and blockchain tech boom”
Crypt O commented:
“Man you guys might wanna slow down before you break the sound barrier or something.”
The post SEC’s agenda for 2019 gives “particular emphasis” on “digital assets” appeared first on AMBCrypto.
Source: AMB Crypto