The ETF proposal has been withdrawn due to government shutdown, but is likely to be re-submitted at a later date
- The SEC has always been cautious about bitcoin-backed vehicles, and the delay on ETF decision reflects that caution
- They say it has nothing to do with the merit of bitcoin, just flaws in the proposals so far, including ETF
- Trump appointee, Elad Roisman, has been associated with having a pro-crypto stance and is expected to support opening financial markets to the world of cryptocurrencies.
- During the shutdown, the SEC is still running, just with limited staff and handling emergencies
- The group responsible for the ETF proposal withdrew in in the light of a shutdown, planning to reapply later
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