In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures.
Bill Barhydt, founder of bitcoin wallet app Abra, says he thinks the SEC will approve an ETF within a year, but only if the right caliber of applicants apply.
Consistent with a rule that allows the SEC’s Chairman and Commissioners to review decisions delegated to its staff, yesterday's bitcoin ETF disapproval order is up for reviewal.
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