'Arcane' SEC Rules May Kill Chances of Bitcoin ETF in 2019: Crypto Mom

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SEC Commissioner: Don't Wait on Bitcoin ETF, Could Take Days to Years

The chance of a Bitcoin exchange-traded fund (ETF) gaining approval this year is slipping away.  Securities and Exchange Commissioner Hester Peirce yet again downplayed the prospect of a Bitcoin ETF on Tuesday. Known as “Crypto Mom” for her unwavering support for bitcoin, she blamed “arcane rules” at the Securities and Exchange Commission (SEC) for the long delay. Speaking at an event at the Bipartisan Policy Center, she said: “e have applications. … those are subject to a very specific time frame where we have to act within a certain amount of time, and so that’s what it’s going to depend

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