Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I know the odds are against it but I can't help thinking maybe it might just pass. I mean, bitcoin is going to happen anyway and the SEC, the governments can't really control that and they must know it. But an ETF would give them the ability to control the big money that goes in and out of bitcoin even if they can't control bitcoin itself. An ETF would open up a huge regulatable gateway to bitcoin, of which the government can play gatekeepers to their heart's content! If the SEC sees it that way, I think it's in 
That is a very decent point.
I doubt that factor causes the ETF to be a shoe-in, but certainly some road into having some controls over bitcoin could factor into the whole approval matter.
I think that weighing giving legitimacy to bitcoin (as a negative) and having some control over bitcoin (as a positive from the gov's perspective) continues to cause them some trepidation regarding their decision (which is likely mostly already made, just being finalized in these final weeks concerning actually publishing it.. and whether it gets tweaked a bit here and there before publishing it)