Hope this good news will add positive trading volume to all cryptocurrency, The Securities and Exchange Commission (SEC) has set a late October deadline to begin reviewing proposed rule changes that would allow several regulated exchange operators to list bitcoin ETF products on their trading platforms.
source of this news
https://www.ccn.com/resurrection-sec-to-begin-reviewing-9-rejected-bitcoin-etfs/Just like everyone else have expressed their opinions, I will have to agree with them that there is no need to start to boost hope over an uncertainty that the chance of failing is higher than it being accepted.
Having read the whole of the article, it sure brings some beam of hope by highlighting that the previous rejections was done by the employees if SEC and now its to be reviewed by the commissioners and at the same time announcing that one of the commissioners is a pro-cryptocurrency but nothing is said about the other commissioners and when issues get to a head, its always subject to vote and no matter how valid points raised, the number of votes makes the difference. Another issue was the proposed timing when the review will be completed which has been proposed to be sometimes next year. This shows that its mere a way of increasing the hope of crypto enthusiast and nothing about making real difference.