Why US SEC Is Delaying Bitcoin ETF Approval?
Notice that Clayton says until the large institutions (eg BlackRock) offer it, we won’t allow retail access. He literally admits that’s how it works in the United States. Now, of course, he couches it all in the name of investor protection, which I reject as bullshit. We are… https://t.co/Eb04fLuHhG advertisement — John E Deaton (@JohnEDeaton1) September 1, 2023 US SEC’s History with Crypto ETF Approvals The SEC’s hesitance isn’t new when it comes to the cryptocurrency realm. In a squawk box interview , former SEC Chairman Jay Clayton acknowledged the apparent demand from retail and institutional investors for access to Bitcoin. While Clayton agreed that Bitcoin isn’t classified as a security, the debate centers on whether the cash trading market could be easily manipulated to a degree that might preclude retail access. Recommended Articles ...