| Luck never gives; it only lends.
-Swedish proverb | | Your providers do the best they can to keep spam out, but sometimes the systems they use mistakenly catch good mail along with it. So, we ask that you add us to your trusted list of senders. | | CBOE, VanEck, SolidX All Meet With SEC Commissioner Elad Roisman | | You've probably been seeing some recent murmur in the headlines about a Bitcoin ETF and the SEC.
This was referring to an October 9 meeting with Commissioner Roisman and folks from SolidX, VanEck, and CBOE.
The point of this meeting was to give arguments for why the Bitcoin ETF should be approved as previous issues identified by the SEC are now resolved.
If you're interested in seeing the presentation, you can take a look at it here.
The presentation was a response to reasons the SEC gave as when they rejected a previously submitted Bitcoin ETF.
The key points are these: - Multiple CFTC regulated derivatives markets now exist for bitcoin, so the market is now more mature.
- Trust will use OTC bitcoin trading desk pricing, so the price is harder to manipulate.
- Proliferation of information sharing agreements, so a non-US entity will be able to share relevant info about market trading/clearing activity + KYC/AML, without being materially impeded by the non-US entity's laws.
- With ~$200,000 share price, VanEck SolidX Bitcoin Trust is not for retail.
(Basically the same points I made back in July)
My general thought hasn't changed and I still think that a Bitcoin ETF approval in Q1 of 2019 is very possible.
| | - IDEX Exchange Blocking Users From New York State. (lol, decentralized exchange)
- Coinbase's New Stablecoin (USDC) Could Freeze Funds and Censor Accounts (lol, bank the unbanked, independent money, etc...)
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| | What's Really Driving the Cryptocurrency Phenomenon | | A great cryptocurrency primer from Chris Dannen, Leo Zhang, MartΓn Beauchamp.
This one is a beast.
You can read it here. | | | Waiting for the price to move above the 200 day simple moving average (that white line). | | | If there is news that you think is important that you think I missed, always feel free to reply to this email. | | | Help Raise The Tide Of Crypto | | | | | |
