RATE Group | SEC: No Rush to Approve Crypto ETFs Due to Lingering Concerns
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SEC: No Rush to Approve Crypto ETFs Due to Lingering Concerns

02 Dec SEC: No Rush to Approve Crypto ETFs Due to Lingering Concerns

Posted at 10:45h in Ethereum News by

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Speaking to reporters at conference yesterday, Securities and Exchange Commission Chairman Jay Clayton said he wanted to see better market surveillance and custody for digital currencies before being comfortable with a crypto ETF.

Crypto advocates, traders, and investors alike will by now be tired of being attacked by bears and are eagerly awaiting the US regulator’s approval of Bitcoin ETFs. However the man responsible for approving one still has a lot of lingering doubts according to CNBC.

Speaking at the Consensus Invest Conference in Manhattan, Clayton said;

“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation. It’s an issue that needs to be addressed before I would be comfortable.”

His beef here was that investors may not get a fair assessment of price depending on which exchange or platform it was obtained from as they do not use the same metrics as stock exchanges for monitoring…

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