INSUBCONTINENT EXCLUSIVE:
The United States Securities and Exchange Commission (SEC) extended its deadline for ruling on in-kind redemptions for two separate crypto
exchange-traded funds (ETFs).According to a Wednesday SEC filing, the regulator will take more time to decide whether to allow in-kind
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
ETFs for the underlying assets directly, in this case, Bitcoin or Ether
This could have tax implications, as assets would be redeemed in-kind rather than liquidated for cash.SEC's deadline extension filing
Source: SECRelated: US regulator considers simplified path to market for crypto ETFsSEC accused of foot-draggingThis deadline extension is
far from the first one by the SEC when it comes to crypto-relevant decisions
Earlier this month, attorneys for digital asset manager Grayscale pushed back against the US SEC's delay in approving its Digital Large Cap
procedure.Related: First US staking ETF to launch Wednesday, giving investors exposure to SolanaSEC changes approach to cryptoDespite the
ongoing conflicts, most agree that since the Trump administration took power in Washington and SEC Chair Paul Atkins assumed the position
