SEC Caroline Crinko has prevented a quick approval of many Crypto ETF products. Specifically, many new applications and exhibitions are delayed in options trading, basketball investment funds, and more.
In other words, the committee will need a full vote to agree to such measures, and there is likely to be more delay. Atkins and pro -profit commissioners can easily outperform them, but it will take some time.
Why is SEC slow on ATFS encryption?
Since the Securities and Stock Exchange Committee has been subjected to a new administration this year, the encryption community expected a wave of support to the new traded investment funds.
However, over the past few weeks, we have seen frequent delays and slight setbacks, with bullish developments, however they hit obstacles. Greg XETHALIS, Multicoin Capital, distributed something that could be very relevant:
ETF analysts quickly notice this note, using it as evidence of a broader theory. Basically, SEC has a “delegated salad” procedure that allows steam decisions, but one commissioner can force the slower process.
In one day, Crypto’s most developed in SEC brought this power for several votes regarding Crypto permits.
What is the size of this problem?
Since pressure groups in the encryption were successfully foiled with Caroline Crincho’s offer to re -construct SEC, they have continued the new transformation of the Commission. These voices indicate their firm opposition to the investment funds circulating in encryption, and the Supreme Council for Education must entertain it.
So what is the damage? Crenshaw vote against 13 different suggestions on CRYPTO investment funds, including things like Multicoin basket products, options trading, and more.
However, at least some of these proposals have passed despite opposition. SEC can still pass a friendly ETF encryption policy, as it may be more than trouble.
However, it is a noteing setback. SEC tries to simplify Altcoin ETF approvals, and this plan may not be fulfilled.
Currently, the committee will require a slow time schedule on any ETF proposals. Progress will continue to happen, but society will continue the delay experience.
The internal disputes of the second can be bad news for Crypto federations that first appeared on Beincrypto.
Source: https://beincrypto.com/sec-crypto-tef-dilay-internal-disagrement/