SEC on Bitcoin ETF: Issues of Crypto Manipulation in Exchanges Must be Addressed

[fitload]

Speaking at the Consensus Invest Conference in New York, SEC incumbent Jay Clayton, who assumed office in May 2017, exclaimed that he isn’t ready to greenlight a Bitcoin ETF.

According to Clayton, he remains worried that cryptocurrency can be too easily stolen or manipulated on exchanges. Those issues need to be addressed before the SEC lets an ETF move forward, he said in some of his most pointed comments about why the agency has rejected recent applications for the products.

According to him, he will only support ETFs—financial products that track assets such...

Read More: https://news.bitzamp.com/secs-chair-on-bitcoin-etf-issues-of-crypto-manipulation-in-exchanges-must-be-addressed/

[mlawson71]

What exactly are they planning to do about it, I wonder.

[squadus]

Bitcoin will eventually become an ETF. It is only 10 years old so there has not been enough time yet for it to establish itself as a commodity like Gold or Oil.

[ZionRTZ]

I am expecting a crackdown on various exchanges soon. We will probably see other exchanges impose some tighter regulations/policies.