Surely by now you’ve heard of the bitcoin ETF (exchange-traded fund) created by Cameron and Tyler Winklevoss, the twins who made claims that Facebook’s Mark Zuckerberg stole their social network idea.
Some changes may be in order, according to the ETF’s lawyer, Kathleen H. Moriarty of the Katten Muchin Rosenman LLP law firm. Moriarty said this week she is “in dialogue” with regulators at the Securities and Exchange Commission (SEC) to revise the ETF plan.
According to Moriarty, revisions to ETFs can take several years of waiting, between resubmitting applications and receiving comments from regulators.
The original proposal of the ETF was submitted on July 1st, 2013. (via Bloomberg)