Amid market crackdown, SEC to prioritize cryptocurrency regulation in 2019

Of-late, the cryptocurrency exchange-traded funds (ETFs) are branded as the trump card by many aspirants of the crypto-avenue who carry great deal of optimism that exchange-traded funds likely to stimulate cryptocurrencies with more authenticity in retail and institutional investors’ perspectives, while providing them with timely accessibility to those who already have a brokerage account.

However, the entire cryptocurrency industry has seen a struggle ever since the U.S. SEC (Securities and Exchange Commission) declined the many attempts of launching a bitcoin ETFs, for examples, the regulator declined the applications of Winklevoss twins’, VanEck/SolidX and Bitwise etc.

Whether the proposals of bitcoin ETFs in 2019 can be a trump card for the entire cryptocurrency avenue or not, we provide some insights on SEC’s moves and how to be perfectly-positioned amid the launch of crypto ETFs and other relevant crypto-derivatives could give the crypto market a much-needed boost.

In this perspective, we glance at a report “2019 Examination Priorities,” issued by OCIE (Office of Compliance Inspections and Examinations) hints their intentions of shedding some spotlight on the roadmap in the cryptocurrency gamut. 

Pointing out on the agenda for 2019, Pete Driscoll, Director of the OCIE, said: OCIE is steadfast in its commitment to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies that improve compliance, prevent fraud, monitor risk, and inform policy.

Thereby, it is clearly understood that the US regulator prioritized the compliance scrutinizing in the cryptocurrency avenue as one of the important focus points of its 2019 agenda.

To position BTC and other crypto peers during stringent regulatory frameworks, one should understand as to how will Bitcoin ETFs and futures affect the crypto market share and the intrinsic value? And what other crypto investment tools can investors look forward to in 2019. Thereby, we mean unwise to rely solely on ETF matter.

We have other alternatives also, the market for derivatives is massive. In 2017, the notional number of outstanding derivatives contracts was approximately $542 trillion. Investors, market makers, and other financial players routinely enter into these contracts, in order to hedge risks or make a profit.

Currency Strength Index:FxWirePro's hourly BTC spot index has flashed at -118 (which is bearish), while hourly USD spot index has shown -28 (bearish), while articulating at 08:15 GMT. 

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