Trump's newly appointed SEC commissioner said: Bitcoin ETF ‘will eventually be approved’ Anonymous sources pointed out that after Elad Roisman was appointed as the new head of the US Securities and Exchange Commission (SEC), the Bitcoin Exchange Traded Fund (ETF) will be approved.
Roisman ‘may’ release the Bitcoin ETF Recently, the Senate officially approved the decision of Roisman appointed by US President Trump to serve as a member of the US Securities and Exchange Commission. As a result, most of the internal executives of US regulators have a supportive attitude towards the Bitcoin ETF, and ‘at some point in the future,’ the Bitcoin ETF will eventually be approved.
The current member, Hester Peirce, is a well-known ETF advocate and has previously stated that ‘there is no reason’ to not approve the Bitcoin ETF. An analysis on September 4 said: ‘At some point in the future, Bitcoin ETFs will eventually emerge. Bitcoin ETFs will have a dramatic impact on the legitimacy of the market, the introduction of institutional funds and ultimately the price of Bitcoin. Time will tell, but the emergence of the Bitcoin ETF may start with Elad Roisman as a member of the US Securities and Exchange Commission.’ Recently,
the
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Securities
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Commission rejected a number of ETF applications, and the cryptocurrency market has also weakened, so does Bitcoin price. The first nine applications were all rejected, and now several applications will be re-examined and final decisions will be made at different points in the future. The analysis pointed out that the Van Eck / SolidX entity ETF may be approved in March next year, but still uncertain. Roisman asks for a fair review of cryptocurrencies Despite this, Roisman has said he wants to focus regulatory
attention on fair treatment of cryptocurrencies. In July, he gave a special overview of ICO and GM ‘blockchain’ products in his speech at the Senate Banking Committee hearing. Roisman said: ‘The US Securities and Exchange Commission must address these new challenges in a fair and transparent manner, providing clarity and certainty to markets and investors, and implementing laws and regulations that are responsible for market participants.’ At the same time, the analysis further acknowledges that ETFs are not essential to any cryptocurrency. There is no entry for a large number of institutional investors, and the overall market value has grown to hundreds of billions of dollars. This view has been widely supported by industry professionals, especially Nick Szabo and Andreas Antonopoulos, who have raised additional concerns about the impact of ETFs on the long-term image of Bitcoin. Here is how cryptocurrencies have risen over the last 24 hours: Bitcoin traded up 1.35% percent to the dollar in the last 24h period closing 13:41 on September 7, EST. Bitcoin currently has a market cap of $112,862,082,050 and its 24 hours trading volume is
about $4,715,911,952. LBRY Credits price is now trading at $0.058049 against the USD, and its 24 hours trading volume is about
$58,532.
The current
market cap is $10,919,836. INS Ecosystem price is now trading at $0.271144 against the USD, and its 24 hours trading volume is about $571,865. The current market cap is $8,215,909. Polymath price is now trading at $0.172459 against the USD, and its 24 hours trading volume is about $1,347,492. The current market cap is $48,547,983. Binance Coin price is now trading at $10.22 against the USD, and its 24 hours trading volume is about $19,382,377. The current market cap is $976,121,064.