Cryptocurrency Q&A
Do national securities exchanges need SEC approval before trading bitcoin ETPs?
Do national securities exchanges need SEC approval before trading bitcoin ETPs?
Michele
Wed Jul 10 2024
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7 answers
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Could you elaborate on the regulatory framework surrounding the listing and trading of bitcoin exchange Traded Products (ETPs) on national securities exchanges? Specifically, does the Securities and Exchange Commission (SEC) require prior approval before such products can be traded on these exchanges? Given the novelty and volatility of cryptocurrencies, it's crucial to understand the regulatory oversight that governs the introduction of Bitcoin ETPs into the traditional financial market ecosystem. Clarifying this regulatory process would provide valuable insights for investors, market participants, and regulators alike.
7 answers
BlockchainBaron
Fri Jul 12 2024
Prior to the listing and trading of Exchange-Traded Products (ETPs) involving cryptocurrencies, national securities exchanges are mandated to obtain approval from the Securities and Exchange Commission (SEC) for any proposed rule change under Rule 19b-4.
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DavidLee
Fri Jul 12 2024
This approval process ensures that the exchanges adhere to regulatory guidelines and safeguard investors' interests.
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Ilaria
Fri Jul 12 2024
The Securities Exchange Act of 1934 empowers the SEC to oversee and regulate the securities market, including the listing and trading of ETPs.
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CryptoSavant
Thu Jul 11 2024
As part of its oversight, the SEC must ensure that the information provided in the proposed rule change is accurate and comprehensive.
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JejuSunshineSoulMate
Thu Jul 11 2024
To this end, the SEC relies on various sources of information, including but not limited to the Commission's Regulatory Research Staff (CRS).
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