Cryptocurrency in Secret Meeting: Report
Among other things, the SEC expressed concern that the underlying bitcoin spot markets are too prone to manipulation for the agency to feel comfortable allowing an exchange to wrap it in a traditional securities product.
Halfway across the country, however, Nasdaq — the world’s largest second-largest stock exchange — was quietly hosting a closed-door meeting with representatives from both Wall Street and the cryptocurrency industry to discuss how to legitimize Cryptocurrency asset class.
I feel SEC would only delay matters may be till Sept 2018 or Jan 2019, However IRAN and other countries may be trying to avoid US Sanctions via bitcoin so may be SEC is delaying deliberately.
right answer