The SECGov has been pushing investors offshore or into “toxic” crypto products with its refusal to rubber stamp a spot Bitcoin ETF, according to Gemini's cameron.
Winklevoss also believes the refusal has led to U.S. investors moving to “unlicensed and unregulated” offshore platforms, including FTX, which he has called “one of the largest financial frauds in modern history.”
“Maybe the SEC will reflect on its dismal record and instead of overstepping its statutory power and trying to act like the gatekeeper of economic life, it will focus on fulfilling its mandate of investor protection,” he opined.Winklevoss’ comments come as a flurry of companies has recently filed, renewed, or amended their filings for a spot Bitcoin ETF including BlackRock, Fidelity, WisdomTree, Invesco, Valkryie and ARK Invest.
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SEC Reportedly Calls Spot Bitcoin ETF Filings Inadequate; Unpacking the Scrutiny Surrounding PrometheumListen to this episode from The Hash on Spotify. The most valuable crypto stories for Friday, June 30, 2023.'The Hash' explores today's top stories in crypto, including bitcoin plunging after the SEC reportedly said recent filings to launch a spot bitcoin ETF are inadequate. Meanwhile, Melania Trump is out with a new NFT collection ahead of Independence Day. Celsius was granted permission to start liquidating its altcoins. And, a conversation regarding Prometheum and the future of crypto compliance in the U.S.See also:Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings InadequateSEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative' Opening ResponseThe Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance-This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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