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Ahead of the September 27th hearing of the House Financial Services Committee in the United States, Securities and Exchange Commission (SEC) Chairman Gary Gensler seems likely to reiterate his previous stance, as he did during the Senate Banking, Housing, and Urban Affairs Committee hearing. He also issued a prior notice of staying silent on ongoing lawsuits (XRP and Grayscale spot ETF conversion ruling). Gensler stated that while he is pleased to discuss the work of the SEC, he cannot comment on any ongoing lawsuits.
When asked about the SEC's actions so far in approving spot Bitcoin exchange-traded funds (ETFs), Gensler mentioned that the work is being done in collaboration with officials from the agency. Another spot ETF has been delayed today, and the probability of approval this year is almost zero. Spot ETFs are a big move, so there's no need to rush; good things come to those who wait.
Key highlights:
1. A US judge approves BlockFi's bankruptcy plan.
2. The modular blockchain Celestia's airdrop is now live.
3. Circle's Euro stablecoin EURC is now live on the Stellar blockchain.
4. The Federal Reserve suggests that stablecoins could "become a source of financial instability."
5. Bitcoin trading volume is at its lowest level since March 2019.
6. Web3 bug bounty platform Immunefi launches an on-chain treasury system.
7. US lawmakers urge the SEC Chairman to "approve spot Bitcoin ETFs immediately."
8. The SEC delays the decision on the GlobalX Bitcoin ETF until November 21st.
9. SEC Chairman: The crypto industry widely exhibits non-compliance with securities laws.
10. The SEC delays the decision on the ARK 21Shares Bitcoin ETF until January next year. |
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Post time 9-10-2023 07:52:37