NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

SEC Commissioner: Bitcoin ETF Applicants Should Focus on Liquidity, Custody, Market Surveillance

Nick Chong
Nick Chong
6 years ago
3 mins read
Juniper

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Even amid bearish market conditions, the regulatory status of crypto assets remains a hot-button topic, as global governments attempt to discern how to best approach this emerging market.

Leading the charge for fair regulation is arguably the U.S. Securities and Exchange Commission (SEC), which has done its best to protect investors from unwarranted financial risk, while still treating this industry with respect.

SEC Commissioner Stein Talks Crypto

American attorney Kara Stein, who currently serves as an SEC Commissioner, recently sat down with Bloomberg to discuss the regulatory climate surrounding cryptocurrencies.

https://twitter.com/BloombergAU/status/1054478706750689281

Bringing up the age-old debate of whether Bitcoin should be classified as a non-correlated asset, legitimate currency, commodity, or security, the Bloomberg host questioned the regulator what the SEC classifies the digital asset as. Approaching how she responded with caution by not giving any conclusive answers, Stein stated:

“Well, we [at the SEC] determine whether it is a security or not and leave whether it’s a currency or not to others… But I think it depends on the form of the product that is being presented because Bitcoin can be, as you already know, backed by blockchain technologies. So I see many folks in the market thinking through how they can use blockchain to make what they do better.”

What Stein seems to be referring to is although Bitcoin has been classified as a non-security on a majority of occasions, some vehicles that involve the cryptocurrency have been labeled securities. Most recently, as reported by NewsBTC, the SEC, coupled with enforcement efforts from the CFTC and FBI, resulted in the shut down of 1Broker, who was reportedly offering “security-based swaps funded with Bitcoins.”

While this by no means indicates that the cryptocurrency is a security, the unfortunate case of 1Broker’s temporary demise reminds startups that the use of Bitcoin for investment products isn’t a get-out-of-jail-free card.

Although Stein made no mention of Ethereum or its regulatory status, which is widely regarded as “up in the air,” it can be assumed that her comments regarding how the status of Bitcoin differs from case-to-case and product-to-product can be logically applied to Ether.

The Bloomberg host went on to ask the question that has been on the minds of cryptocurrency enthusiasts worldwide — is a Bitcoin — or crypto-backed exchange-traded fund (ETF) in the cards?

Again, as if she was walking on hot coals, the Commissioner responded with caution, noting that she doesn’t know the answer to that question as it depends on the “facts and circumstances” of an ETF application. This vague answer prompted the Bloomberg anchor to make another query, asking what concerns the SEC has with a Bitcoin-centric ETF.

Exuding more confidence this time around, the attorney noted:

“At the end of the day, whatever fund presents a concept to us will have to show how they can get accurate valuations, how they make sure that there is physical custody, and how to make sure that there is adequate liquidity, especially in a 40 act fund context, where investors can get the money when they need their money. So we will look at all of those factors and make a decision based on that particular fund and how it will be able to handle those particular requirements.”

Interestingly enough, Stein’s comments mirror the qualms brought up in the SEC’s recent rejection of a handful of crypto-backed ETFs. However, these regulatory issues are rapidly getting resolved. In terms of custody, Fidelity’s recently-launched subsidiary, Fidelity Digital Asset Services, will offer a valued cold storage custody solution, which may satisfy the SEC’s standards.

On the liquidity side of things, many, including NewsBTC’s Joseph Young, have claimed that the arrival of Bakkt’s physically-backed BTC futures in December will facilitate a surge in liquidity, likely quenching the SEC’s thirst for “markets of sufficient size.”

Although the regulator’s concern regarding accurate valuations has yet to be meaningfully addressed by innovators within the cryptosphere, it is apparent that moves are being made to satisfy the SEC’s agenda, which may catalyze the regulator to finally green light a crypto-backed ETF.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation...

Ronaldo Marquez 3 hours ago
Bitcoin

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take...

Scott Matherson 4 hours ago
Sei

Sei Network Unlocks Japan Market After Hitting $626M In TVL

US traders and DeFi fans have turned their eyes to Sei Network (SEI) after its Total Value Locked (TVL) climbed...

Christian Encila 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Attempts a Comeback

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

Aayush Jindal 1 hour ago
Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Sebastian Villafuerte 1 hour ago
Bitcoin vs Ethereum

Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading

Keshav Verma 2 hours ago

Premium Sponsors

Press Releases

  • Ripple XRP Investors Making $10,9700 Per Day with This...

    1 hour ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    12 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    12 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    13 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.