This unprecedented same-day approval and stay pattern, now repeated with two major crypto funds, reveals a new form of regulatory control. The SEC's ability to simultaneously approve yet restrict digital asset trading through administrative mechanisms demonstrates how modern financial authorities can exercise granular control over digital currency trading - a capability never before possible with traditional markets.
SEC's Dual Bitwise ETF Actions Signal Digital Babylon's Rise
📰 What Happened
The SEC's Division of Trading and Markets approved Bitwise 10 Crypto Index's conversion to an ETF, but within hours, SEC Assistant Secretary Sherry Haywood issued a stay order halting the listing. This mirrors recent SEC handling of Grayscale's Digital Large Cap fund conversion. ETF Foundation President Nate Geraci called it a 'bizarre situation,' arguing both firms should be allowed immediate conversion. The dual actions have sparked industry speculation about internal SEC commissioner conflicts.
📖 Prophetic Significance
The SEC's contradictory actions with Bitwise and Grayscale reveal an emerging regulatory framework that aligns with prophetic expectations of centralized economic control. The rapid sequence of approval and stay orders demonstrates how quickly digital asset trading can be permitted or restricted through administrative action. This dual-action pattern points to Daniel 7:25's prophecy about authorities 'changing times and laws,' while the SEC's granular control over crypto trading infrastructure echoes Revelation 13's economic control system. The involvement of multiple commissioners suggests internal power dynamics that could facilitate rapid policy shifts prophesied for the end-time economic system.