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Bitcoin Global News (BGN)

January 24, 2019 -- ADVFN Crypto NewsWire -- For months, the entire crypto community has been awaiting the SEC’s decision on the VanEck-SolidX exchange traded fund. In truth, they have actually been awaiting the SEC’s decision on whether to allow any sort of exchange traded fund related to crypto in the near future.

Back in December, we heard that the SEC had two months to decide if they would approve the VanEck-SolidX proposal. Now, as of today, it appears that the process has experienced another hitch.

As all United States citizens and most of the world already know, the United States government is experiencing a shutdown. This particular shutdown is so widespread that it is affecting the performance of just about every government agency in the country, including the SEC.

Today, CoinDesk published an article that stated that due to the government shutdown, a proposal by the Chicago Board Options Exchange has been withdrawn. Reportedly, this particular proposal would have paved the road for the SEC to actually legitimately accept the latest ETF proposal as a viable option. Why this would have been true is quite easy to grasp.

In short, the CBOE is a legitimate exchange where traditional assets are traded in a regulated environment. Reportedly, the proposal in question represented their vote of confidence in being the first to list the VanEck-SolidX ETF.

Now, they have withdrawn it because they do not see it s likely that the SEC will be able to review the ETF at all, due to the shutdown. Perhaps, because this is true, it is time for all of us who are United States citizens and fans of crypto to call for an end to the government shutdown, once and for all.

By: BGN Editorial Staff