The U.S. Securities and Exchange Commission moved earlier than required to extend a couple of deadlines in the pile of spot bitcoin ETF applications awaiting responses.
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
Experts suggest that the courts and the SEC will keep rolling if the government is shuttered, but an already sluggish interaction with federal officials may be slowed even further.
The latest price moves in crypto markets in context for Sept. 22, 2023.
The motions to dismiss leans on major questions doctrine claims, among other arguments.
Former Sen. Pat Toomey is pessimistic about legislation moving through this term, but it may be more likely in the next Congress.
David Hirsch, who runs the agency’s office that handles crypto enforcement, says that apart from Coinbase and Binance, there are other exchanges and DeFi straying from the law.
Judge Zia Faruqui did not make any rulings on the SEC’s discovery requests or Binance.US’s opposition.
The crypto exchange is fighting to avoid handing over certain documents to the regulator, arguing the SEC’s requests are “overbroad.”
The regulator asked a U.S. court to reject Binance’s “half-hearted” objections to its motion seeking depositions, an inspection and communication from the exchange.
