Dennis Kelleher, CEO of Better Markets, believes that the judge’s judgment against Grayscale and the SEC has not changed the fact that the Bitcoin market is vulnerable to fraud and manipulation.
It also does not change the fact that ETFs pose a serious threat to investors, which is why the SEC rejected and should reject Grayscale, and the SEC should consider revoking the previous unreasonable approval of the Bitcoin futures ETF.
Better Markets is a Washington-based organization that often seeks to counter lobbying by the financial industry.