SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows

A forthcoming interview with a U.S. securities representative sees possible positive news about the future of a Bitcoin ETF.

A Bitcoin (BTC) exchange-traded fund (ETF) will most likely ultimately gain approval from the United States securities regulator, according to a commissioner. The comments were reported by political journal Congressional Quarterly in a forthcoming interview leaked on Twitter on Feb. 5.

Robert J. Jackson Jr., the Securities and Exchange Commission (SEC)’s only Democratic commissioner, said that despite its string of rejections of ETF applications last year, the practice will ultimately change.

“Eventually, do I think someone will satisfy the standards we’ve laid out there? I hope so, yes, and I think so,” he told the publication, according to the reportedly leaked interview excerpt.

Multiple ETF proposals saw consideration by the SEC in 2018, but all of them ultimately received…

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2019-02-08 09:33:00

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Written by Cointelegraph

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