“The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company,” said the SEC in its Sunday statement.
Last week, the broader cryptocurrency space shed 17% of its market value, but optimism remains that a bitcoin ETF could come to life.
“Elad Roisman, the newly-appointed member of the SEC, could be the missing the piece in tilting the balance in favor of a bitcoin ETF approval. The new commissioner becomes the third Trump appointee to the SEC, succeeding Michael Piwowar, who stepped down in July. Roisman said in a statement that the SEC must re-examine its rules around blockchain and initial coin offerings,” according to CCN.
For more information on the cryptocurrency market, visit the Bitcoin category.