The US Securities and Exchange Commission (SEC) has delayed its decision on whether or not it will approve the Bitwise 10 Crypto Index Fund. This decision comes just 6 days before Gary Gensler, the Chairman of the commission leaves the agency. Per the filing from the commission, this delay is not denial as it requires more time to consider the application.
The Bitwise 10 Crypto Index Fund Still Possible
According to the notice shared by the markets regulator, it chose to delay the approval or denial of this filing considering the key factors it has to consider. From the time the asset manager filed the Bitwise 10 Crypto Index Fund, the US SEC had an obligation by law to give its consideration within 45 days.
The markets regulator filed the decision to delay this proposed rule change three days before the January 17 deadline. Following this delay, the US SEC said it has now fixed at March 3, 2025 as the next tentative date to give its decision on the filing.
This is a breaking news, please check back for updates!!!
The post Breaking: US SEC Delays Decision on Bitwise 10 Crypto Index Fund appeared first on CoinGape.
