The United States Securities and Exchange Commission (SEC) is currently scrutinising the sufficiency of exchanges' surveillance and enforcement capabilities in the face of Bitcoin exchange-traded products (ETPs).
Amid this scrutiny, the SEC has embarked on a fresh series of consultations focusing on a proposed regulatory adjustment aimed at governing the trade of Bitcoin (CRYPTO:BTC) options.
According to a filing on April 24, the aim is to delve into the potential impacts of listing BTC options on market dynamics, particularly during volatile periods, ensuring that the existing regulatory framework is equipped to manage the nuances of such financial instruments.
The consultation seeks to gather insights on whether essential surveillance and enforcement measures are robust enough to oversee the complexities associated with Bitcoin options trading effectively.
Stakeholders are encouraged to provide their initial feedback within 21 days from the publication of the notice, setting a deadline of May 15, 2024, for initial comments.
Following this, there is an opportunity to submit further rebuttal comments until May 29, 2024, allowing for a comprehensive evaluation of public and industry perspectives on the matter.