U.S. Government Shutdown Leading to Possible Automatic ETF Approval
Trumps Shutdown of the United States Government has, amongst all the chaos, provided Bitcoin (BTC) an opportunity to gain ETF approval by the U.S Securities Exchange Commission (SEC). According to Bitcoin.com, the U.S. SEC is due to make a decision on the Vaneck Solidx Bitcoin (BTC) ETF next month, and, the deadline cannot be further extended. However, since the U.S. government is already, currently shut down, there is a possibility of an automatic approval on the ETF.
For the full read please visit https://bitfudge.com/20190121-u-s-government-shutdown-leading-to-automatic-etf-approval/
Is this possible?
Remotely possible. Check our article linked above for details:
"The SEC doesn’t have the power to extend the 240-day deadline. The statute absolutely prohibits any further delays … By law, that means if the SEC fails to make a decision by the February 27 deadline, the ETF will be automatically approved."
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