Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Tuesday February 19 2019, @10:39AM   Printer-friendly
from the flying-pigs? dept.

A commissioner at the U.S. Securities and Exchange Commission (SEC) believes a bitcoin exchange-traded fund (ETF) will ultimately be approved.

Robert J. Jackson Jr., in an interview published by government-focused news source Roll Call on Wednesday, said:

        “Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so.”

A number of bitcoin ETF proposals have filed for SEC approval, but none has yet got the green light.

Jay Clayton (chairman of the SEC) has said he doesn’t see a pathway to a cryptocurrency ETF approval until concerns over market manipulation are addressed.

The SEC has to date rejected at least 10 such proposals. Last August, it turned down seven filings from ProShares, Direxion and GraniteShares. A day later, though, the regulator said it would review the proposals.

https://www.coindesk.com/sec-commissioner-says-bitcoin-etf-will-be-approved-eventually


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Wednesday February 20 2019, @12:23AM

    by Anonymous Coward on Wednesday February 20 2019, @12:23AM (#803778)

    Keep believing in those "reasons" that haven't changed since the beginning then. Meanwhile people who are right will be rewarded.