As we reported not so long ago, the US Securities and Exchange Commission surprised everybody by taking the decision on Bitcoin ETF proposals earlier than planned. However, the companies that filed the proposals were not so happy, since they all received an indisputable “no” from the SEC.
It seemed like the topic could be closed for good, but there is now a new twist to the story. The Commission changed its mind. According to the American lawyer Hester Peirce, it sometimes happens that the regular staff of SEC take decisions, and the senior officers then find it necessary to review and even change them.
In English: the Commission (Chairman and Commissioners) delegates some tasks to its staff. When the staff acts in such cases, it acts on behalf of the Commission. The Commission may review the staff's action, as will now happen here.
— Hester Peirce (@HesterPeirce) August 23, 2018
There is currently no information on when the abovementioned review will take place.
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