Tag: SEC

Dissent on the SEC’s Re-Disapproval of a Bitcoin Exchange-Traded Product

On July 26, 2018, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) issued an order disapproving a proposed rule change that would have allowed for a bitcoin exchange-traded product (“ETP”) (the “Order”).  However, the Order was not unanimous amongst the SEC’s Commissioners.  Commissioner Hester M. Peirce issued a stand-alone dissent against the Order, arguing … Continue Reading

SEC Denies for the Second Time a Proposal for a Bitcoin Exchange-Trade Product

On July 26, 2018, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) issued an order, by a 3-1 vote, disapproving a proposed rule change (the “Proposal”) that would have allowed for a bitcoin exchange-traded product (“ETP”) (the “Order”).  In the Order, the SEC re-asserted many of its prior concerns and reasons for denying the … Continue Reading
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