Now's Your Chance to Tell Gensler What You Really Think...

2 min read

Not really, but he is asking for the public’s comment on things like: 

  • whether the proposed spot Bitcoin ETFs are vulnerable to, or are capable of preventing, fraud and manipulation.
  • whether they believe certain aspects of Bitcoin — such as its geographically distributed trading activity, its relatively slow transactions, and the amount of capital required for significant participation on each trading platform — make the market inherently resistant to market manipulation.
  • whether they agree that a surveillance-sharing agreement with Coinbase would help to detect, investigate, and prevent fraud
  • whether the Chicago Mercantile Exchange (CME) represents a regulated market of significant size compared to spot Bitcoin.
  • their views on the correlation between Bitcoin spot markets and the CME Bitcoin futures market.

    Looks like they’re doing what they can to delay these spot ETF applications. With a government shut down looming, who knows how long it could take to get an approval. This means you still have time to DCA and get exposure before the big boys come to play.

    Anyway, hope you’re all having a great day!
    -Heidi

SEC launches proceedings to determine fate of spot Bitcoin ETFs, invites public comment
The U.S. Securities and Exchange Commission (SEC) submitted several filings on Sept. 28 that concern pending spot Bitcoin exchange-traded funds (ETFs).
CryptoSlate

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.