Topic: One of the SEC Commissioner in favor of ETF approval. - page 2. (Read 372 times)
It's quite surprising that one of the SEC commissioners has the guts to go against what the majority thinks. It just proves that someone in the government sector believes that there is something good in pushing ETFs for bitcoin, aside from the price increases and speculative gains that the public could acquire. By agreeing to the ETF, it exposes bitcoin to the public and urges merchants and consumers alike to build a working economy and to break the exclusivity of bitcoin from being just a speculative asset into a fully-functioning currency. I commend whoever this commissioner is for her bravery to voice out her opinion on the matter.
i don't know what to hope for anymore. for ETF to be approved or for it to be rejected! i just hope that it comes and goes as fast as possible because i am sick and tired of everyone constantly looking to SEC to see what they do in the end so that they can decide whether to buy bitcoin or sell it!
they seem to have forgotten what bitcoin, the decentralized currency, was build for.
they seem to have forgotten what bitcoin, the decentralized currency, was build for.
I personally hope that bitcoin will be approved and we will see a lot of new wave of investors' inflow into the crypto currency
I think the ETF will be approved this year. But it will be very difficult to predict how the effect will be.
That's a great news. I think if SEC gives approval to BTC ETF it will be a booster for Bitcoin. I hope things are going to change very soon.
It would be huge to see an approval for a bitcoin ETF. The price would react very, very bullishly to the news. We’d probably see a spike to north of $50,000 per bitcoin.
That's a great news. I think if SEC gives approval to BTC ETF it will be a booster for Bitcoin. I hope things are going to change very soon.
SEC may likely approved bitcoin but it may not be this year....am 100% sure that security exchange commission will sure approve bitcoin....bitcoin is everywhere and knowledge toward bitcoin is increasing day by day....view of bitcoin last year was different from this year....
The tone of SEC is changing recently. With increased public demand and continuous persuasion by the organizations that are submitting Bitcoin ETF proposal, it is very much likely that SEC will be forced to accept it if someone comes up with framework that is not prone to manipulation, fraudulent activities and scams.
I think not only a sec commissioner in future SEC will definitely approve the crypto currency. I think it’s a metter of time. So everybody keep patience.
Wow! That is a really good news. Most of the people thought that ETF will not be approved by SEC. But this small news gives us a light of hope. SEC is giving us green light though it is just a news, it will influence market value.
I think Bitcoin ETF sits on a 50/50 chance to be approved yet but there's still a glimpse of light shining as one of the Commissioner Hester Peirce in favor of it, in a sense that she likes to open on US an nnovation approach that could contribute to greater development.
The new member of the commissioner dissent the decision of rejection of Winklevoss Bitcoin ETF with a 3 to 1 vote, stating that the rejection isnt fair and over jurisdiction since they only looked on the possible outcome that price will be manipulated.
Quoted from Her interviewed “I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner. ”
There's no timeline when the voting will commence and not sure if its on the middle of 2018 maybe early 2019.
Full report can be seen here for your info.
source:
https://bitcoinist.com/no-reason-bitcoin-etf-sec-commissioner/
The new member of the commissioner dissent the decision of rejection of Winklevoss Bitcoin ETF with a 3 to 1 vote, stating that the rejection isnt fair and over jurisdiction since they only looked on the possible outcome that price will be manipulated.
Quoted from Her interviewed “I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner. ”
There's no timeline when the voting will commence and not sure if its on the middle of 2018 maybe early 2019.
Full report can be seen here for your info.
source:
https://bitcoinist.com/no-reason-bitcoin-etf-sec-commissioner/
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