The SEC is comprised of five appointed commissioners. There are three vacancies. So only two active commissioners are making the decision. However if Commissioner Stein votes yes and Commissioner Piwowar votes no, because Piwowar is acting Chairman, he can add another tie breaking vote.
One man, Commissioner Piwowar, will be making this decision! And his term is up in 2018.
However, I think this is gonna pass! Click on link below and watch him speak and you will find the politics and turf battles are deep. He seems like he might understand how Bitcoin is advantageous to capital markets. Plus he would go down in history as the one who made the decision.
Just my ramblings, of course.
Plus there have been additional supplements and fine tuning of the ETF application, along with meetings with all major players/stake holders in the last couple of days. Putting a powerhouse meeting together at this stage does not happen when something is going to fail. In my opinion, they are fine tuning the affirmative decision now before the formal announcement.
I think it's a done deal. Just my humble opinion, but what do I really know?
Here is Piwowar talking about the SEC vs Baking Regulators and the turf war. GO BITCOIN! GO!