The Securities and Exchange Commission is evaluating whether exchanges’ current surveillance and enforcement mechanisms can handle Bitcoin exchange-traded products (ETPs).
The United States Securities and Exchange Commission (SEC) has launched another round of consultations on a proposed rule change for trading options on Bitcoin exchange-traded products (ETPs).
According to an April 24 filing, the securities regulator wants to better understand how listing Bitcoin (BTC) options could affect the overall market, especially during times of stress. Part of the review will assess whether the exchanges’ current surveillance and enforcement mechanisms are adequate to handle the unique aspects of Bitcoin options.
Initial comments must be submitted within 21 days after the document is officially registered, which would make the final deadline May 15, 2024. Likewise, rebuttal comments may be submitted up to May 29, 2024.