The Winklevoss twins (of Facebook fame) are trying to start an ETF that would allow ordinary Americans to invest in bitcoins, as easily as investing in stocks. However, their attempt to do so is bogged down in regulatory inertia. On July 1, 2013, the Winklevoss Bitcoin Trust submitted a S-1 to the Securities Exchange Commission for an IPO. Months later, the SEC has still not given the go-ahead. The Obama Administration should direct the SEC to greatly expedite its processing of IPO requests by bitcoin ETF's, such as the Winklevoss'. The delay by the SEC is inexcusable. In a world in which innovation occurs at lightning speed, the SEC needs to move quickly. Their failure to do so creates a risk that the U.S. will fall behind.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
