US SEC Reviews Bitwise Bitcoin ETF Proposal

According to a notice issued by the Federal Register last weekend on November 18th, the US SEC has rejected Bitwise Asset Management's latest Bitcoin ETF proposal in October, but the current SEC's five members will The application is reviewed again. Matt Hougan, global head of research at the company, said Bitwise did not. He said in an e-mail: "However, we welcome the opportunity to submit comments and continue to talk to the SEC." The rejection letter was written by the agency's trading and marketing department on October 9. The notice on November 18 actually quoted the contents of a letter from the SEC members on October 15. It is not clear what triggered the SEC's re-examination. Under current federal law, members may decide whether to conduct a review or review it after filing a complaint. The notice stated that the order to veto the proposal would remain in effect until the end of the review, and the members either supported the employee's veto or overturned the veto. As part of the review, the public can comment on the veto by December 18, 2019.