Connect with us

Indexes

Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype

Published

on

The reason the U.S. Security and Exchange Commission (SEC) has insofar denied crypto exchange traded funds (ETFs) is because the crypto industry does not fit the applicant archetype, according to the CEO of crypto payment startup Abra, CNBC reported September 4.

Speaking in an interview with CNBC’s “The Coin Rush,” Bill Barhydt suggested that the SEC has rejected crypto ETF applications because “people who are doing the applications don’t fit mold of who the SEC is used to approving.”

Barhydt said that in order to receive approval for an ETF, there should be an ...

Read More

Continue Reading

Latest

Companies