LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

The SEC uses double standards in evaluating Bitcoin

December 1, 2021
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

On December 1st, the Blockchain Association posted a thread on Twitter. It is believed that the SEC used a double standard when evaluating Bitcoin futures ETP and spot ETP.

The organization stated that they sent a letter to the US Securities and Exchange Commission yesterday. The SEC is strongly urged to approve NYSE Arca’s application to convert Grayscale’s BTC trust into an ETF.

Although the Blockchain Association appreciates the SEC’s recent decision to approve exchange-traded products (ETP) holding bitcoin futures contracts. But now is the time to approve the spot Bitcoin ETP.

The US Securities and Exchange Commission explained. Only approved BTC futures ETP is that these products are essentially funds registered under the 1940 Act (which can provide some investor protection). Because they believe that the BTC futures market is more mature/supervised than the spot market, but this explanation does not have much value.

Previous ArticleFBI seized $2.3 million in bitcoin from ransomware affiliate
Next Article NFT auction of memoirs of former Trump lawyers in prison

Related News

June 4, 2023

Thailand uncovered a suspected cryptocurrency fraud case involving 10 billion baht

June 4, 2023

Report: Combination of Artificial Intelligence and Cryptocurrency Represents Major Opportunity

June 4, 2023

Apple’s mixed reality headset will enhance games and the Metaverse

June 4, 2023

Data: The total number of Arbitrum’s ETH cross-chain bridges has exceeded 2.5 million, an increase of over 25% in half a year

June 4, 2023

Citigroup: Bitcoin faces new challenges after debt transaction advances

June 3, 2023

Bitcoin is currently less volatile than Amazon and Meta stocks

June 3, 2023

MUFG announces that Progmat Coin will soon be used to launch a yen-pegged stablecoin

June 3, 2023

Bloomberg Intelligence: The 52-week moving average shows that Bitcoin is still on a downward trajectory

The Latest
Market News June 4, 2023
Thailand uncovered a suspected cryptocurrency fraud case involving 10 billion baht
Market News June 4, 2023
Report: Combination of Artificial Intelligence and Cryptocurrency Represents Major Opportunity
Metaverse News June 4, 2023
Apple’s mixed reality headset will enhance games and the Metaverse
Ethereum News June 4, 2023
Data: The total number of Arbitrum’s ETH cross-chain bridges has exceeded 2.5 million, an increase of over 25% in half a year
Bitcoin News June 4, 2023
Citigroup: Bitcoin faces new challenges after debt transaction advances

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.