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The US SEC has been time and again deferring the decision on the approval of Bitcoin ETF applications, the regulator is due to review whether the various applications fulfill the pre-requisites and ensures safeguarding the investors’ interests.
For now, the SEC has to come up with a decision until May 16th. This move was prompted by the Bitwise application on February 15th.
Amid these movements, the SEC now appears to be seeking cryptocurrency specialists as per the US employment website. The federal government bureau sought after an attorney adviser for the role of “cryptocurrency specialist.” The opening began on March 29thand will conclude on April 12th.
While this news of SEC’s job opening seems to be a positive indication for some sort of optimism. The SEC has deferred decision on a rule change to enable Bitcoin ETFs to be approved.
Wherein, the SEC emphasized: The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates May 16, 2019, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRNYSEArca-2019-01).
The cryptocurrency specialists may give some insights, establish a comprehensive plan and coordinates with the division of trading and market’s activities pertaining to crypto and digital asset securities. They would be serving as the interface for domestic and international regulators, and market aspirants.
They would also be responsible for the application of conceptual knowledge of federal securities laws to digital asset securities and crypto-space. So, one should possess specialized prerequisites as the job demands, for more details, refer to the above job website.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 88 levels (which is bullish), while hourly USD spot index was at 119 (bullish) while articulating (at 07:01 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
