The SEC Denies More Spot Bitcoin ETFs
We have a couple more applications for Bitcoin ETFs turned down by Gensler and company. At least they are consistent.
In this video I discuss how government is once again showing itself to be a problem. This might not be the case with this if it hadn't approved Bitcoin ETFs based upon futures pricing. However, since they did, it is nonsense to keep turning these down.
▶️ 3Speak
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Bitcoin ETFs were pretty much redundant and I am not even sure why people event bought into them when they could have just purchased the actual token from a exchange if they wanted to or parts of it. Good news, we need more money coming in not sitting on imaginary books of bookies.
Retirement accounts can hold Bitcoin in them so they need a way to access it.
Much of the money in the US is in accounts that cant access crypto.
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Thats just asking for trouble. No wonder why swings are so high. I wonder if it will change this year. A regulation needed is CEX to hold 1:1 that's what Australia is focusing on atm
These are the types of things the SEC should regulate, not the cryptocurrencies themselves.
There was a push by CNBC calling for the firing of Gary Gensler.
He is awful but it won't matter. If he is fired, expect him to sign on with a Wall Street firm.
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