BITCOIN SPOT ETF

There is growing expectation that grayscale is going to win is suit against the SEC. Grayscale has sued the SEC for continuing denying their spot BTC application. Just before the arguments comes down to this, the SEC allow Bitcoin future ETF product. So, either the price data that they use is reliable enough for it spot BTC ETH and the SEC been unreasonable or the price data is not good enough for future ETF. This is has been the major reason the SEC has cited for denying those spot ETF. Even the Future ETF like market like the CME use draw their prices from places like Coinbase. But if Grayscale does win, then the SEC we have 2 choice. The first one is to allow Bitcoin ETF or not only not approve Bitcoin spot ETF but allow revoke the licenses for future Bitcoin ETF products.

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I am ruling for Bitcoin to win because the case is ridiculous. The case itself could be nearing an end, we could see a ruling by the end of the month. A lot of people are speculating that ripple would win it case. The SEC is going to suffer it first major blow in it anti crypto crusade. JP Morgan has been involved in this case in a very interesting way. The SEC lawyers are trying to get the information released by it won't make sense if JP Morgan is lobbying in the background to Ripple down. JP Morgan has a ripple XRP product which is the JP Morgan coin. Hopefully we get a resolution to both of this cases and a positive sense where the SEC losses and they win. I will a big move in the right direction, just raining in SEC and positive thing for freedom for the Americans.

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The third major case that we all need to watch is the one with Coinbase, the SEC is going after Coinbase for listing unregistered security and they are also going after them for offer crypto staking services. Even though the SEC gave Coinbase their approve to list the stocks two years ago but they had refused to tell Coinbase the rules and how they comply to the rules. A lot of people think Coinbasw how a good chance to win this case too which will be another major defeat for the SEC, even those this could go on for years. I think the reason why the SEC is going after crypto so much is because the corrupt boomers running Washington has been paid off. Crypto can not be stopped and it drive the US government crazy which is why the US Treasury Department has came out and said is a national security risk because it threats the dollar.