Bitcoin Will Sec Regulated or Not May 21

Everybody in the crypto-verse concentrates on expectations and supposition. Which currency will rise, which will fall, which company will adopt blockchain technologies and which will be the first Bitcoin ETF approved from SEC.

Commissioner Hester B. Peirce (source SEC)

Although all previous attempts have failed, it comes with a light locate of the tunl. The US Securities and Exchange Commission is having a conference in New jersey on May 21 to discuss foreseeable future of ETFs specifically how they could change up the financial industry.
SEC is Slowly Giving More Reasons to be Optimistic
SEC Comm. Elad Roisman
Elad Roisman

Along with Peirce, another recent alternation in the SEC board of directors gave a dose of optimism to entrepreneurs and enthusiasts as Elad Roisman brand new commissioner is also openly a crypto supporter.


The fact that it is Ms. Peirce who gives the speech is a reason to be favourable. The fact that they have chosen a date so close to an excellent Blockchain event on the continent as well, but no doubt the fact how the SEC has to announce its verdict on VanEck's acquire a Bitcoin ETF that very instant is (for many a little faith) one of greater to be more excited.
Despite the motives for optimism, the truth is that the most of the community expects rules to delay its decision once any more. In a very pessimistic scenario, people they know . even reject the application.

The Community is Maturing

As reported by Ethereum World News, a few days ago the SEC delayed its rule on a Bitcoin ETF proposed by Bitwise. The fact they have not given an opinion on VanEck's proposal causes us to imagine that this ETF might have a better fate:
Commenting on the prospects of the VanEck-ETF decision, given past delays along with the Bitwise postponement, Chervinsky veered away from a similar verdict being handed out to VanEck. Because belonging to the separate decision by the SEC, VanEck's ETF proposal might be rejected, according to your lawyer.

Based on his assumptions, the SEC will take the actual time allowed for legal reasons to approve the Bitcoin ETF, which for Bitwise-NYSE Arca is on October 13. He added that there is really a 14% chance to a denial, with the percentages pointing to a delay, and an unusually small sliver of 1% of the ETF being recognized. 

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