Fox Reporter: Members of the U.S. SEC Commission may still potentially delay ...

Kabir903

On January 9, Fox reporter Eleanor Terrett posted on social media, suggesting an interesting reminder: that members of the U.S. Securities and Exchange Commission (SEC) may potentially delay the approval of a Bitcoin spot ETF.

The committee members include Gensler (D), Crenshaw (D), Peirce (R), Lizárraga (D), and Uyeda (R). While there is no formal committee vote scheduled regarding the ETF, each commissioner evidently has the authority to request a review and a full commission vote under Rule 201.431 of 17 CFR, even if the matter has already been delegated and approved.

This rule allows an SEC commissioner to request a full commission vote on matters authorized by the staff.

Justin Slaughter, Policy Director at Paradigm, had previously stated that the U.S. Securities and Exchange Commission (like the U.S. Commodity Futures Trading Commission and most committees) can allow commissioners to vote on certain matters without a formal meeting. This is a process known as "seriatim."

Kahn332

There's no shortage of Bitcoin news.

Kalkin995

This whole thing seems like a never-ending cycle of copying.

Jafar224

I think a delay is very likely.

Isha000

There shouldn't be any issues with this process, I suppose.