The Securities and Exchange Commission (SEC) has once again proven its inability to make decisions regarding a cryptocurrency exchange-traded fund (ETF).

This time, the helpless victim waiting on the sidelines is Bitwise, which initially filed for its ETF two months ago in January. A section of the Securities and Exchange Act of 1934 states that the SEC can postpone a decision-making process by up to 45 days on specific filings. This 45-day period can then be extended to 90 days granted the SEC finds reasons for the extension and then publishes those reasons publicly.

Previous articleBittrex-Backed Euro Stablecoin Can Be Staked for 8% Interest
Next articleExperts: Ethereum Losing Ground to New Networks