Coindesk Logo

SEC Email Line Swamped Ahead of Winklevoss Bitcoin ETF Decision

SEC Email Line Swamped Ahead of Winklevoss Bitcoin ETF Decision

SEC Email Line Swamped Ahead of Winklevoss Bitcoin ETF Decision

"Please stop asking," says SEC rep.

"Please stop asking," says SEC rep.

"Please stop asking," says SEC rep.

AccessTimeIconMar 10, 2017, 5:28 PM
Updated Aug 18, 2021, 5:54 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Impatient for answers about its decision regarding a proposed bitcoin exchange-traded fund, market watchers appear to be swamping a Q&A email line during a US Securities and Exchange Commission event.

The agency is hosting an event today focused on improving awareness among retail investors about market risks. As part of it, the SEC has opened an email line for people to submit questions.

Perhaps unsurprisingly, those hungry for information about the bitcoin ETF proposed by Cameron and Tyler Winklevoss have been sending in queries to that email line. The SEC is currently weighing a proposed rule change that would clear the ETF to be listed on the Bats BZX exchange.

While it’s not immediately clear how many requests the SEC has received, an agency staffer commented on the queries while highlighting the Q&A line, telling the audience:

"I will say that, for people that are emailing in, we have nothing to say about bitcoin, so please stop asking. I don't know what that means, but that's what I've been told to say."

The years-long process to get the Winklevoss bitcoin ETF approved is expected to come to a conclusion today, a move confirmed by an SEC representative when reached at press time. MarketWatch journalist Ryan Vlastelica reported earlier that an SEC representative had similarly confirmed the planned move.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.