Robert Jackson, SEC: We Are Ready To Approve Bitcoin ETF
The member of U.S. Securities and Exchange Commission (SEC) explained when the government would allow to launch a new crypto currency tool.
An application for Bitcoin-ETF launch will be approved once it complies with the standards set by the U.S. Securities and Exchange Commission, claimed the regulator’s employee Robert Jackson. He added that the approval of a new tool was unavoidable, but the companies had to make a hard way to achieve it, reports Crypto Daily.
Jackson says he is sure that the companies that will fully comply with the standards will come sooner or later. It is hard to get an approval in the most liquid markets in the world, but that’s the way it should be.
He declined to comment on the chances of particular firms which made applications, but he highlighted that the probability of ETF approval was increasing. Last year, the SEC rejected the offer of the Winklevoss brothers because they could not reduce the manipulation and scam risks.
Cboe filled in a new application for Bitcoin ETF launch in February, 2019. The company withdrew the previous one because of the shutdown of American government.