Related: Bitcoin ETF Chances Better than Expected after SEC Extension?
The SEC explained that the Securities Exchange Act provides that it can extend the 45 days period from publication if it finds it “appropriate to designate a longer period” so it has sufficient time to consider the proposed rule change.
“Despite lingering questions about the SEC’s perception towards Bitcoin ETFs, some speculate the right personnel inside of the agency will help facilitate approval,” reports Bitcoinist. “Over the last month, a lot of attention has been focused on the Senate’s approval of Elad Roisman to serve as SEC Commissioner. Roisman’s positioning towards the top of the organization means, according to an anonymous analyst, that a Bitcoin ETF is inevitable.”
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