If the SEC does not reach a decision on the COIN ETF by March 11th then it is automatically approved. Why?

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What is the reasoning behind this rule? Doesn't it make more sense for it to be automatically rejected. Is there an incentive for it to be approved in this manner? I would guess that maybe they don't look as bad if something goes wrong later.

submitted by /u/SplinterLips
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1 CRYPTO

Crypto News & ICO Reviews

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Ticker

1 BTC = $56299.99 USD  (via Coinbase)
1 ETH = $4034.22 USD  (via Coinbase)
1 LTC = $366.44 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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