Crypto News: SEC Chair Gensler on a Collision Course with Financial Services Committee

From fxempire.com

On September 26, the SEC extended the review process for the Ark 21Shares and Global X BTC-spot ETF applications. The SEC now has until November 21, 2023, to approve or disapprove the Global X application and until January 10, 2024, to approve or disapprove the Ark 21Shares application. In contrast to the Ark Invest 21Shares extension, the SEC could extend the Global X application for further review. As per the SEC notice, “[…] or institute proceedings to determine whether to disapprove the proposed rule change.” The delays to the decisions will likely be a hot topic today, with SEC Chair Gary Gensler on ... (full story)