Fox Reporter: SEC Committee Members Still Likely to Postpone Approval of Bitcoin Spot ETF

WikiBit 2024-01-09 15:43

Fox Business journalist Eleanor Terrett posted on X platform, suggesting an interesting reminder: the approval of the Bitcoin spot ETF by the five members of the U.S. SEC (Securities and Exchange Commission) may face potential delays. The SEC committee members include Gensler, Crenshaw, Peirce, Lizárraga, and Uyeda.

Although there's no formal committee vote scheduled regarding the ETF, each commissioner evidently has the authority under 17 C.F.R. § 201.431 to request a review and a full commission vote, even if the matter has been delegated and approved by authorization. This provision allows an SEC commissioner to request the entire commission to review matters authorized by the staff.

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