Bitcoin’s (BTC) rapid surge to $8,000 could be attributed to many things: several positive developments have happened in a short span of time, including Bakkt, which is expected to launch in July, releasing details on its Bitcoin physical futures.
The SEC has already received 25 comments on the proposal and is seeking more. The official report reads,
The Commission is publishing this notice and order to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons and to institute proceedings pursuant to Section 19(b)(2)(B) of the Act8 to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1.
While the news will be disappointing for market enthusiasts, there is a growing belief that if the SEC does not open up to the cryptocurrency market, the US stands to lose a lot from the growing digital assets market.
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