The U.S. Securities and Exchange Commission is unlikely to approve or reject crypto ETFs until its new leadership is in place, according to a new report.
What Happened: Coindesk on Wednesday reported that the SEC has acknowledged multiple spot crypto ETF applications but is unlikely to approve them until its leadership is settled.
Bloomberg analyst James Seyffart said he believes the SEC will remain in “delay mode” until Paul Atkins is officially confirmed as the new chair, though his confirmation has no scheduled hearing yet.
The agency …
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