Crypto Continues Its Pushback on Washington D.C.
The Breakdown
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The SEC's Request for More Details on Crypto Exchanges
The SEC has yet to formally acknowledge that it is reviewing applications by publishing them to the federal register. Once the filings are published, the SEC will commence a 45-day review period but can extend this up to a total of 240 days before making a decision. The CBOE had clarified that its surveillance sharing agreement had been arranged with Coinbase. This was reflected in amended applications from Fidelity, Wisdom Tree, Vanek and Arc. BlackRock's ETF will trade on the NASDAQ rather than on the CBOE and we are still waiting for clarification on that application.
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