Topic: Real reasons for bitcoin ETF rejection by US SEC - page 2. (Read 197 times)
These days, I don't take the SEC serious. Despite their continues rejection of the ETF, bitcoin price remains steady and upward. Soon, they will just beg to approving it when they see they can't stop the revolution. We all know all these is to manipulate the price of bitcoin.
1. Market is still very small , just 110 B$, compared to trillions of dollars for other markets
true, we are still a long way from gold markets, for example.
2. Market manipulation and frauds (exchange Acts requirement not met)
I agree, we have a lot of frauds and a lot of exchange are not trustworthy, Just to give an example:
https://coinmarketcap.com/exchanges/volume/24-hour/
6. HitBTC HitBTC
> HITBTC Scam, it took all my money
Explanations of pure scam: 65,000 USD stolen by HitBTC
hitbtc.com thieves and scammers
Bitcoin ETF approval by SEC has been a front burner in recent times , it is believed to bring in huge benefits if eventually approved. Here are four reasons why it was rejected (or are still pending):
1. Market is still very small , just 110 B$, compared to trillions of dollars for other markets
2. Market manipulation and frauds (exchange Acts requirement not met)
3. Lack of transparency (or control) as much of the bitcoin holdings are outside the US jurisdiction, same is true for the big exchanges
4. Lack of co-ordination by global exchanges,SEC will welcome a scenario where exchanges are able to work together.
Credit: https://www.coinness.com/en-gb/newsflash/detail/96299
1. Market is still very small , just 110 B$, compared to trillions of dollars for other markets
2. Market manipulation and frauds (exchange Acts requirement not met)
3. Lack of transparency (or control) as much of the bitcoin holdings are outside the US jurisdiction, same is true for the big exchanges
4. Lack of co-ordination by global exchanges,SEC will welcome a scenario where exchanges are able to work together.
Credit: https://www.coinness.com/en-gb/newsflash/detail/96299
1. why do you care what the SEC says? its just a body of a "selfregulated" banking cartel in the usa. why should you care about what they say? they want everyone unregulated. out so they have complete power to scam the americans, keeping them as their slaves. bitcoin was created outside of legal surveilance for reasons.
2. whats the use of bitcoin etfs? anyway.
Bitcoin ETF approval by SEC has been a front burner in recent times , it is believed to bring in huge benefits if eventually approved. Here are four reasons why it was rejected (or are still pending):
1. Market is still very small , just 110 B$, compared to trillions of dollars for other markets
2. Market manipulation and frauds (exchange Acts requirement not met)
3. Lack of transparency (or control) as much of the bitcoin holdings are outside the US jurisdiction, same is true for the big exchanges
4. Lack of co-ordination by global exchanges,SEC will welcome a scenario where exchanges are able to work together.
Credit: https://www.coinness.com/en-gb/newsflash/detail/96299
1. Market is still very small , just 110 B$, compared to trillions of dollars for other markets
2. Market manipulation and frauds (exchange Acts requirement not met)
3. Lack of transparency (or control) as much of the bitcoin holdings are outside the US jurisdiction, same is true for the big exchanges
4. Lack of co-ordination by global exchanges,SEC will welcome a scenario where exchanges are able to work together.
Credit: https://www.coinness.com/en-gb/newsflash/detail/96299
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