BITCOIN SUPER-MOON SOON.....SEC COMMISSIONER DISSENTS THE SEC DECISION TO REJECT BITCOIN ETF !!!

in #crypto-mgsc6 years ago (edited)

The SEC on Thursday rejected the Winklevoss brothers' bid for Bitcoin ETF which may have caused depression to lot of Crypto enthusiasts but there is a silver lining in the whole episode wherein the SEC commissioner has shown her dissent to this decision which is a very important news for the Crypto Bulls !!! As per the commissioner - Hester M. Peirce , The SEC exceeded authority and made a mistake in denying the Winklevoss Bitcoin ETF

As per her, the SECs concerns that the underlying markets of bitcoin is subject to manipulation applies to other Exchange Traded Products as well that have already been approved by the SEC! Therefore, the SEC did not apply the same rule when it came to Bitcoin which is a paradox. She even stated that this ETF denial will be against the interests of the investors which will deny them the opportunity to deal in a regulated marketplace plus also hinder cryptocurrency's growth as an institutionalized asset. She went on saying that she is against curbing any innovation and that the SEC should focus on investor protection by giving them a fair and efficient marketplace which should assist in capital formation.

The above is a startling piece of news which can cause the CBOE ETF to be approved in August which is more likely now and can cause all major Bitcoin Speculations of a Moonshot come True!BTCMOON.jpgBTCMOON1.jpgBTCMOON2.jpg

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