The US Securities and Exchange Commission (SEC) may soon approve Bitcoin-linked exchange-traded investment funds (ETFs) if their founders prove compliance with the required regulatory standards. This is evidenced by the details of an upcoming interview with one of the four SEC commissioners, Robert Jackson.
#SEC Commissioner Jackson in an interview to the BE Be published next weeks is optimistic That a «fund based on #bitcoin » will of the BE is approved Eventually, Expresses sinking concern about the Proposed of ETFs the Submitted to date. pic.twitter.com/3BCuiBd4CB
– Drew Hinkes (@propelforward) February 5, 2019
In a conversation with the political edition of Congressional Quarterly, Jackson noted that the application for Bitcoin-ETF from VanEck and SolidX is one of the most promising, unlike the application for Gemini cryptobirth .
“The case of the Winklowoss Trust, which we had to deal with last year, was not complicated. A situation has emerged in which the risks of manipulation and the potential damage to investors were enormous. Liquidity problems were very serious, ” he said.
Jackson did not say which of the proposals would be accepted by the SEC, although he stressed that companies began to take more seriously risk management and compliance with regulatory requirements.
Earlier, Binance CEO Changpeng Zhao said he did not consider ETF to be "a key factor in the growth of the industry . "
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