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 has also delayed decisions on spot Ether ETFs from VanEck, ARK 21Shares, and 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 by amending its application and addressing the SEC’s objections. 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 country’s cryptocurrency market, including requiring foreign virtual asset service providers to obtain necessary approvals. Meanwhile, 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.
Summary:
– The SEC has delayed its decision on spot Bitcoin ETFs, as well as spot Ether ETFs from VanEck, ARK 21Shares, and GlobalX.
– The delays came two weeks earlier than expected, possibly due to the narrowly avoided U.S. government shutdown.
– Bitwise Asset Management has amended its application in response to the delay.
– 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 country’s cryptocurrency market.
– The Securities and Futures Commission of Hong Kong will publish a list of licensed and suspicious virtual asset trading platforms.