#SEC推迟多个现货ETF审批 Cryptocurrency Regulatory Game Heats Up

The U.S. Securities and Exchange Commission (SEC) recently announced a delay in the approval of multiple spot ETFs (Exchange-Traded Funds), involving several applications including Bitcoin spot ETFs, affecting major institutions such as BlackRock and Invesco. This move continues the SEC's cautious stance on cryptocurrency-related financial products, with officials stating that further evaluation of 'market manipulation risks' and investor protection mechanisms is needed. The industry criticizes the regulatory approach as overly conservative, hindering the integration of traditional finance and crypto assets, while analysts point out that the compliance process in the U.S. stock market may slow down as a result. Following the announcement, Bitcoin's price briefly fell by 3%, but long-term funds still bet on the potential for policy easing. This tug-of-war highlights the deep-seated contradictions between innovation and risk management, and may become a key turning point for the institutionalization of the crypto market.