Cointime

Cointime

Download App
iOS & Android

The Fate of Spot Bitcoin ETF in SEC Commissioners' Hands: Diverse Perspectives on Cryptocurrency

Validated Project

As the decisive date of January 10th for the approval or rejection of Spot Bitcoin ETF approaches, speculation is rife. The final verdict lies in the hands of the five current commissioners of the U.S. Securities and Exchange Commission (SEC), including Chair Gary Gensler and Commissioners Hester M. Peirce, Caroline A. Crenshaw, Mark T. Uyeda, and Jaime Lizárraga.

(via SEC)

Further reading：SEC Gary Gensler’s Market Manipulation Performance on the Eve of Spot Bitcoin ETF Approval?

We delve into the past statements of each commissioner to gauge their potential choices in this pivotal vote.

  1. Chair Gary Gensler: Known as the 'industry adversary', Gensler's stance on Crypto has shifted drastically from his earlier academic research days. His recent reminders about the risks of crypto investments suggest a likely opposition in the vote, but surprises are not off the table given SEC's recent extensive collaboration with ETF applicants.
  2. Commissioner Hester M. Peirce: Dubbed 'Crypto Mom' for her friendly stance towards Crypto, Peirce has been vocal against litigation over regulation and has previously expressed that spot Bitcoin ETFs should have been approved five years ago. A 'yes' vote is highly anticipated from her.
  3. Commissioner Caroline A. Crenshaw: Comparatively less focused on Crypto, Crenshaw's few statements suggest a conservative approach towards digital assets. She emphasized regulatory concerns in DeFi and cautioned investors about crypto's 'infamous' scams.
  4. Commissioner Mark T. Uyeda: Like Peirce, Uyeda has shown a supportive stance towards Crypto. He jointly opposed SEC's action against industry projects and critiqued the Commission's double standards in delaying spot Bitcoin ETF approvals. His vote is likely to be in favor.
  5. Commissioner Jaime Lizárraga: The most distant from the Crypto industry among the commissioners, Lizárraga has been almost silent on Crypto and blockchain, making his voting inclination hard to predict.

Further reading：SEC Chair Hints at Imminent Approval of Spot Bitcoin ETFs? Gary Gensler’s Warning on Crypto Volatility

With Peirce and Uyeda leaning towards support and Gensler's unpredictable stance, the approval of the ETF seems hopeful. However, it's important to note that these are interpretations based on historical statements and may not fully represent the commissioners' comprehensive judgment.

The fate of the Spot Bitcoin ETF hangs in the balance. The outcome, possibly swaying towards approval with a majority of three votes, remains to be seen. Let's await the final day for destiny's answer.

Click here to register with DigiFinex and enjoy cryptocurrency trading.

Keywords: SEC, Spot Bitcoin ETF, Cryptocurrency, Gary Gensler, Hester M. Peirce, Caroline A. Crenshaw, Mark T. Uyeda, Jaime Lizárraga, Crypto Regulation, ETF Approval

Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.

  • Cosine: After a user used GPT to write a bot with a backdoor code, the private key was sent to a phishing website

    SlowMist Yu Xian stated in a post on the X platform that a user used GPT to write a bot with code and sent the private key to a phishing website. The reason why the private key was stolen was because it was directly sent to the phishing website in the HTTP request body. Yu Xian reminded that when using LLM such as GPT/Claude, one must pay attention to the common fraudulent behavior of these LLM. It was previously mentioned that AI poisoning attacks were carried out, and now this is a real attack case targeting the crypto industry.

  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • Polymarket Blocks French Users Amid Government Investigation into Gambling Law Compliance

    Polymarket has blocked users from France following reports of an investigation by the country's gaming authority for compliance with gambling laws. The ban was not stated in Polymarket's terms of service, but French users attempting to access the website using a VPN from a French server were met with a digital blockade. The ANJ, France's national gaming authority, began investigating Polymarket after a French trader placed large bets on Donald Trump winning the 2024 US Presidential election.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.

  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.

  • The Evolution of Family Offices: Embracing Innovative Investment Strategies and Technology

    Family offices have shifted from conservative investment strategies to more active roles in direct investments and co-investments, thanks to innovative financial solutions and modern investment strategies. They are now leaders in alternative investments, private equity, co-investments, venture capital, and impact investing, leveraging their capital through non-recourse and limited-recourse financing to expand their investments across sectors and regions. Family offices are also adopting sophisticated risk management strategies, diversifying further into private markets and real assets, and integrating advanced technologies such as AI-driven platforms to enhance decision-making processes. A family office in the UAE, International Venture Investments Holding, takes an active investment approach, emphasizing operational autonomy and forming dedicated management teams for specific projects. The UBS Global Family Office Report 2024 shows that 78% of family offices plan to invest in generative artificial intelligence in the next two to three years.

  • XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

    On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company