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According to Peirce, “the Commission’s resistance to a spot bitcoin ETP is becoming almost legendary,” 

The reasons for this resistance to a spot product are difficult to understand apart from a recognition that the Commission has determined to subject anything related to bitcoin

Looks like pressure is now building inside the SEC.... 

Thanks Brickhouse :D 

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SEC Commissioner affirms it's time to stop denying crypto spot ETFs

After a difficult few days, the cryptocurrency market seems to be starting to recover and more good news may be in store as a Commissioner with the United States Securities and Exchange Commission ( SEC) is questioning the agency's practices concerning the approval of crypto spot exchange-traded funds ( ETFs).

Comments

Anonymous

Ive heard 3AC has major GBTC holding, so if an ETF eventuates, they may be looking to immediately sell.

Anonymous

BTC lobby funds are still less than the banks, hopefully citizen btc support makes the difference. Corporations run USA, look at lag compared to other countries etf offerings if you doubt this.