• "It's okay, little man. You'll see a Bitcoin ETF when you're a big boy... maybe." (via Pixabay).
    Cryptocurrencies

    Cboe pulls Bitcoin index fund application—again

    The BZX Exchange had asked the Securities and Exchange Commission to approve an ETF tracking the price of Bitcoin

    Securities and Exchange Commission Chairman Jay Clayton may feel that his agency is getting closer to approving an index fund tracking cryptocurrencies, but it’s apparently not close enough for the Chicago Board Options Exchange, which just withdrew its application to create a Bitcoin EFT.

  • Securities and Exchange Commission chairman Jay Clayton looking as if he just heard a joke about stablecoins (via SEC)
    Bitcoin,  United States

    SEC Chair Jay Clayton says Bitcoin ETFs are making progress

    The way Clayton described his agency’s concerns during a CNBC interview may be more telling than what he said

    Securities and Exchange Commission Chairman Jay Clayton said that agency is closer to approving a cryptocurrency ETF that would let retail investors invest in bitcoin through mainstream brokerage accounts.

  • SEC Commissioner Hester Peirce speaking at New York University, March 26, 2018 (photo by Lawrence Lewitinn for Modern Consensus).
    United States

    Crypto Mom says SEC takes nanny state approach

    SEC Commissioner Hester Peirce thinks regulatory overreach is hindering cryptocurrency innovation

    Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.

  • Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).
    United States

    As attempts to win ETF approval continue, US regulators remain cautious

    Comments by SEC commissioners suggest cryptocurrency industry has work cut out to get exchange traded fund approved

    Last week, two leaders of the Securities and Exchange Commission addressed the issue of cryptocurrency regulations, and the main takeaways were that while the approval of exchange traded funds and clarification of initial coin offering rules was likely to happen, it’s not likely to be anytime soon.