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Author Topic: SEC decision on August 2nd  (Read 108 times)
Searing
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July 26, 2018, 10:08:51 PM
 #21


I don't think an ETF will get done this year 2018 or next year 2019. It just is not possible for the political reasons below.

It would require a 'bureaucratic institution" to 'stamp' BTC as 'legit money', so to speak.

With the current dysfunction in D.C., how would they even make that determination without feedback from the Trump Administration?

So with NO clarity of intent of any kind, this will continue 'forever'. It is the safe bet to 'deny' it is a risk to the SEC's reputation to

confirm, even if the confirmation would only result in the current administration chastising them, why take the risk. Group Think at its best.

It seems a lot and I mean a lot more adoption and acceptance will have to happen first, I just don't see this happening this year

or next year. Sad to say. Sad

link to the descent:

https://www.sec.gov/news/public-statement/peirce-dissent-34-83723



















 

 

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August 17, 2018, 01:18:51 AM
 #22

The fact is that the SEC rejected Bitcoin as an ETF.
And that makes all Cryptocurrency drop in price.

I am sorry for all of it because I am also stuck in high prices.



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