The Appointment of Elad Roisman to the SEC Increases the Chances of a Bitcoin ETF

The new member of the Securities and Exchange Commission (SEC), Elad Roisman, who has been appointed by Trump is a big plus for the votes to approve a BTC ETF. Commissioner Roisman is the third person that has been selected by Trump for the SEC. Roisman is a big supporter of regulating digital assets and he recently shared his approval at a Senate Banking Committee hearing, a few months ago. Roisman is among another commissioner who is all for the Bitcoin ETF, Commissioner Hester Peirce. Peirce was also appointed by Trump, and proclaimed through a formal dissent her disagreement with the rejection of the Winklevoss ETF in July of 2018. The SEC has already denied 9 applications, this includes Winklevoss, Cameron, GraniteShares, Direxion, and ProShares proposals.The anticipated Bitcoin ETF was submitted by VanEck/SolidX and decisions will be made by March 2019. The opinions of both commissioners will be great factor for the ETF.

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