The state regulator has delayed consideration of applications from 21Shares and ARK Investment Management Cathie Wood for the third time. The SEC has until November 11 to issue its preliminary decision and January 10 to issue its final decision. Delaying the evaluation of applications so early was unexpected, including among industry analysts; This may be due to a possible government shutdown announcement in October. In addition to the announced companies, crypto market players such as BlackRock and Fidelity Investments are also waiting for a response from the SEC.

Four members of the US House of Representatives contacted the regulator and sent an open letter to SEC chairman Henry Gensler. In the letter, lawmakers urge lawmakers to abandon attempts to block or otherwise interfere with the development of cryptocurrencies in general and ETFs in particular.

Source: Ferra

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