As of today, the current price of SEC is $3.92e-9 USD and it has experienced a 0.28% decrease in value in the past 24 hours. According to its CoinMarketCap ranking, SEC is currently ranked #8927 and has a live market cap that is not available.
The circulating supply of SEC is also not available, but its maximum supply is 6,969,696,969,696 coins.
The U.S. Securities and Exchange Commission (SEC) has decided to delay its verdict on the proposed spot bitcoin exchange-traded funds (ETFs) by a number of organizations, including Blackrock and Valkyrie asset management. This postponement precedes a potential government shutdown that could impact the SEC.
As of today, the current price of $ETH is $1,612.07. It seems like $ETH is maintaining a positive balance despite the current bear market condition.
The above data was sourced from @intotheblock pic.twitter.com/NsTmQr43Tz
— Crust Bestie |Lia|🥰 (@Crustbestie) September 24, 2023
SEC’s Delays Decision on Multiple Bitcoin ETF Applications – What it Means for Investors
The approval of bitcoin ETFs in the US is still uncertain as the regulatory body overseeing the securities market has delayed its decisions on the applications of Blackrock, Valkyrie, Bitwise, and Invesco. Earlier this week, the verdict on the Ark 21shares and Global X spot bitcoin ETFs was also postponed.
— Bitcoin News (@BTCTN) September 30, 2023
The SEC’s deferral in August of its judgement on seven funds, including those of Wisdomtree, Vaneck, and Fidelity, was followed by the announcement that Franklin Templeton had also joined the race. The delays are attributed to the potential partial US government shutdown, which would leave the SEC with “skeletal” staff.
The SEC may further delay its decisions early next year, or appeal a court decision in favor of Grayscale from August.
- SEC Delays Decision on Ark 21shares and Global X Bitcoin ETF Proposals
- Ex SEC Official Recommends DOJ Steps Against Cryptocurrency Sector, Stresses Need for Legal Deterrents
- Venture Capitalist Katie Haun Expresses Enthusiasm for Crypto Investment Amid Criticism of SEC’s Regulatory Strategy.