Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on January 13, 2024, 12:56:57 PM

Title: SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — 'We Squandered
Post by: sirty143 on January 13, 2024, 12:56:57 PM

SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — 'We Squandered a Decade of Opportunities'

(https://i.imgur.com/5vJ4tRUm.jpg)

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has slammed her agency for the delay in approving spot bitcoin exchange-traded funds (ETFs). See more for yourself here (https://news.bitcoin.com/sec-commissioner-criticizes-delay-in-spot-bitcoin-etf-approval-we-squandered-a-decade-of-opportunities/).

Your opinion is greatly appreciated.

Title: Re: SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — 'We Squandered
Post by: joniboini on January 18, 2024, 01:13:28 AM

Which futures traded fund she is referring to btw? From the way she said it, it sounds like the SEC has approved futures product which is arguably more volatile and riskier compared to spot ETF. If my understanding is correct, I guess the criticism is warranted, since nobody trusts the SEC in every community that I'm part of. I don't think it will change even if the approval comes sooner though, not with how they deal with the uncertainty related to crypto regulation so far. I guess she is referring to the average joe who use crypto as a means to increase their wealth, since expecting a crypto enthusiast who values privacy and decentralization to be friendly to a government agency is quite a stretch. CMIIW.