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SEC Continues to Postpone Crypto ETF Decisions: Law Decoded

SEC Continues to Postpone Crypto ETF Decisions: Law Decoded

The Securities and Exchange Commission (SEC) has once again delayed its decision on approving spot Bitcoin exchange-traded funds (ETFs), despite calls from several United States Representatives. The SEC also delayed decisions on spot Ether ETFs from VanEck and ARK 21Shares, as well as GlobalX. The latest delays came two weeks earlier than expected, possibly due to the narrowly avoided U.S. government shutdown. Bitwise Asset Management has responded to the delay of its spot Bitcoin ETF with an amended application. In China, a court has recognized Bitcoin as a unique and non-replicable digital asset. Taiwan’s Financial Supervisory Commission has released guidelines for regulating the cryptocurrency market, including requiring foreign virtual asset service providers to obtain necessary approvals. The Securities and Futures Commission of Hong Kong will publish a list of licensed and suspicious virtual asset trading platforms to help the public identify potentially unregulated platforms.

– The SEC has once again delayed its decision on approving spot Bitcoin ETFs, as well as spot Ether ETFs and other applications.

– Bitwise Asset Management has responded to the delay with an amended application.

– A Chinese court has recognized Bitcoin as a unique and non-replicable digital asset.

– Taiwan’s Financial Supervisory Commission has released guidelines for regulating the cryptocurrency market.

– Hong Kong’s Securities and Futures Commission will publish a list of licensed and suspicious virtual asset trading platforms.

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