Although the past week was rather quiet for the cryptocurrency industry, the price action seen throughout the past few days seems to tell a different story, with Bitcoin trading within a hefty $1,400 range.SEC Shoots Down VanEck ETF Proposal, Issues 45 Day DelayOn Tuesday afternoon, the SEC released a document revealing that it would be delaying its verdict of the VanEck and SolidX Bitcoin ETF by 45 days. In a two-page document, the American regulatory body highlighted the fact that it was exercising its right to delay such a decision, from the original date of August 16th to September 30th. Despite the fact that the SEC didn’t outright deny the proposal, some wary investors saw this of a premature sign of what was to come when the final verdict rolls about.Jake Chervinsky, an American lawyer active in the cryptosphere, released an insightful tweet regarding his opinions on the ETF and its position with
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