{"id":514324,"date":"2022-11-23T00:55:00","date_gmt":"2022-11-22T21:55:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/approving-a-spot-crypto-etf-is-all-about-political-power-perianne-boring\/"},"modified":"2022-11-23T00:55:00","modified_gmt":"2022-11-22T21:55:00","slug":"approving-a-spot-crypto-etf-is-all-about-political-power-perianne-boring","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/approving-a-spot-crypto-etf-is-all-about-political-power-perianne-boring\/","title":{"rendered":"# Approving a spot crypto ETF is &#8216;all about political power&#8217; \u2014 Perianne Boring"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f3c840f196\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f3c840f196\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/approving-a-spot-crypto-etf-is-all-about-political-power-perianne-boring\/#%E2%80%9D_Approving_a_spot_crypto_ETF_is_%E2%80%98all_about_political_power_%E2%80%94_Perianne_Boring_%E2%80%9C\" >&#8221; Approving a spot crypto ETF is &#8216;all about political power&#8217; \u2014 Perianne Boring &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Approving_a_spot_crypto_ETF_is_%E2%80%98all_about_political_power_%E2%80%94_Perianne_Boring_%E2%80%9C\"><\/span>&#8221; Approving a spot crypto ETF is &#8216;all about political power&#8217; \u2014 Perianne Boring &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMDFiZGZkMWYtNWQyNy00MTQwLTg2YmUtNjIyMDcyMjc3MTlmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more of a role than economics.<\/p>\n<p>Speaking to Cointelegraph at the Texas Blockchain Summit in Austin on Nov. 18, Boring said the events surrounding FTX\u2019s collapse may have \u201cemboldened the regulation by enforcement approach\u201d from the U.S. Securities and Exchange Commission and Treasury, with Republican lawmakers likely to focus on oversight using their House majority in the next Congress. According to the Chamber of Digital Commerce CEO, passing any kind of legislation \u2014 including bills on crypto, blockchain, and stablecoins \u2014 will be \u201cincredibly difficult\u201d in a divided government, making the possibility of executive orders and regulation by enforcement more likely.<\/p>\n<p>\u201cIn the House side, we\u2019re going to see increased oversight efforts, but I don\u2019t think crypto is actually going to be the priority,\u201d said Boring. \u201cOversight hearings [&#8230;] they\u2019ll have subpoena authority, they have the authority to administer oaths, so they could bring in different people within the agencies to scrutinize their approach to digital assets.\u201d<\/p>\n<p>The Chamber CEO suggested the seeming lack of urgency from Congress could delay the passage of crypto-related legislation, while a Bitcoin (BTC) exchange-traded fund, or ETF, was in the SEC&#8217;s hands:<\/p>\n<blockquote><p>\u201cIt\u2019s been a decade since the first spot Bitcoin ETF was put forward [&#8230;] We still don\u2019t have one, but we have a futures Bitcoin ETF. So, how does this make sense? It\u2019s all about political power, so it really comes down to chairman Gensler.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Did you know the industry has been trying to bring a spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> ETF to market since 2013? Almost 10 years in the making and we still don&#8217;t have one. Begs the question: why? Our report breaks this down and more <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QdnstH1rpa\">https:\/\/t.co\/QdnstH1rpa<\/a><\/p>\n<p>\u2014 Perianne (@PerianneDC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PerianneDC\/status\/1578439839514386432?ref_src=twsrc%5Etfw\">October 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><strong><em>Related: <\/em><\/strong><strong><em>Chamber of Digital Commerce says &#8216;the time has come&#8217; for the SEC to approve a Bitcoin ETF<\/em><\/strong><\/p>\n<p>Boring clarified that Gensler prioritized oversight of crypto exchanges prior to the SEC approving any spot crypto investment vehicle. Under the SEC chair, the financial regulator has turned down or delayed decisions on numerous applications for spot crypto ETFs, including from Grayscale, Bitwise, VanEck, and ARK 21Shares. Grayscale filed suit against the government agency in June following its latest ETF rejection.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/approving-a-spot-crypto-etf-is-all-about-political-power-perianne-boring\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Approving a spot crypto ETF is &#8216;all about political power&#8217; \u2014 Perianne Boring &#8220; Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMDFiZGZkMWYtNWQyNy00MTQwLTg2YmUtNjIyMDcyMjc3MTlmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75849,74898,73711,70934,67874],"class_list":["post-514324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-etf","tag-sec","tag-investments","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=514324"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514325"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}