Winklevoss Ruling Highlights Subjective Aspects Of SEC Mission

By Buddy Donohue (November 29, 2018, 2:13 PM EST) -- A lot has been written about the decision of the U.S. Securities and Exchange Commission to deny the application of Bats BZX Exchange Inc. for a rule change to permit the listing and trading of shares of the Winklevoss Bitcoin Trust.[1] The debate was also amplified by a dissent from SEC Commissioner Hester M. Peirce to that decision.[2] Peirce has also spoken more recently on this topic in a speech she delivered on Sept. 12.[3] The alternative perspective that I would like to explore is how this debate is really about the different philosophies that SEC commissioners can have regarding the appropriate role of the commission....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!