U.S. Securities and Exchange Commission rejected the bats bzx Exchange application for the second time in the list of winklevoss Bitcoin ETF, which reduced Bitcoin from below 3.5% to $ 8,000.
Sec has taken this step a year after rejecting a rule-changing request from BATS BEZX-X Exchange, which eased the way for the Bitcoin-bound investment vehicle.
Shortly after, Bats filed a petition to review the decision - in which another wave of commentary about the agency's willingness to approve a crypt-based exchange traded product was born.
Nevertheless, the concerns raised in the March 2017 verdict do not seem to stop.
SEC WROTE
"While the Commission is rejecting the proposed rule change, but the commission emphasizes that its non-approval does not assume that Victorian or Blockchain technology is more commonly, instead, the commission will have the proposed rules Canceling the change, as discussed below, the Bzx has not burdened it under the terms of the Exchange Act and the rules of the rules that the rate For the purpose that the offer is in accordance with the requirements of the Exchange Act Section 6 (B) (5), it is particularly important to prepare its rules to prevent fraud and harassment proceedings and practices. "
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