Topic: Senators pressure SEC’s Gensler not to approve any more crypto ETFs - page 2. (Read 309 times)
March 15, 2024, 06:31:17 PM
the best and the best is not just any crypto is accepted. maybe those that are accepted BTC and ETH are already good and good. if all crypto is not all good crypto even scamers exist. even coins that have entered the big market like luna can sink. so ETFs must be very selective and strict.
March 15, 2024, 06:17:37 PM
I think that is a delusional Effort by the two senators, yet outline a clear truth: Gary Hensley I looking for a job after the SEC, and that job might very well be in Washington. He needs a sponsor, the democrats, or rather the "Warren Democrats" to be elected.
o he will be super careful about not pissing them off.
So the to senators will be eventually right, but not for the reasons they suspect.
o he will be super careful about not pissing them off.
So the to senators will be eventually right, but not for the reasons they suspect.
March 15, 2024, 05:58:28 PM
The approval of a Bitcoin ETF despite initial resistance suggests that the SEC may be open to considering crypto ETFs, provided they meet stringent regulatory standards. Ethereum presents a compelling case for an ETF, given its widespread adoption and utility beyond just a store of value like Bitcoin. If the ETF application adequately addresses the concerns and demonstrates robust safeguards, there's a possibility of approval, regardless of external pressure. The SEC might wait to see how the Bitcoin ETF performs before giving the green light to others.
March 15, 2024, 05:16:30 PM
Good news! I fully support this decision. If us or any other countries can decide not to approve any further crypto exchange traded fund, it will be great for the crypto community. Bitcoin will be saved from being a centralised instrument controlled by big financial corporations.
Bitcoin is not meant to become a tool for the corporates. It is a people's money and it should remain that way. More ETF means more corporates controlling more Bitcoins. Surely I wouldn't want that!
If money can be made then more ETFs will be approved, politicians despite their claims about being convinced of a particular ideology are in fact very pragmatic, many of them are heavily influenced by all kind of corporations, so the more money that it can be made, the more pressure they will receive to approve this, just as the SEC was pressured to approved a bitcoin ETF, so even if we do not like it, we need to prepare for a future in which most bitcoin is owned by corporations. Bitcoin is not meant to become a tool for the corporates. It is a people's money and it should remain that way. More ETF means more corporates controlling more Bitcoins. Surely I wouldn't want that!
March 15, 2024, 05:12:08 PM
I doubt that insitutional investors are strongly interested in altcoin ETFs, because altcoins are poor investments - they don't have good fundamentals, they are just seasonal speculative trends and institutional investors aren't looking for that, they want something that can at least be generally predicted. Ethereum is the strongest altcoin but even it can easily fall into obscurity in a year or two when tokens will stop being popular, which is its only "use case".
This assumption is often mentioned by bitcoin maximalists - they are against altcoins and their future, but nevertheless altcoins like Ethereum can still be seen as having high prospects as profitable investment products. I'm not completely against an Ethereum ETF - it's probably useful for most investors, so perhaps there would be interest factors that would urge the SEC to approve it as well instead of just bitcoin.I'm not the only one who owns bitcoin and Ethereum right now - so I'm definitely not against the SEC approving an ETF. I hope the SEC will consider an Ethereum ETF in the near future despite the insistence against it from Senators. All investment products are risky - so I'm probably going to ignore real use cases like bitcoin has a bit when we discuss altcoins.
March 15, 2024, 04:41:38 PM
I doubt that insitutional investors are strongly interested in altcoin ETFs, because altcoins are poor investments - they don't have good fundamentals, they are just seasonal speculative trends and institutional investors aren't looking for that, they want something that can at least be generally predicted. Ethereum is the strongest altcoin but even it can easily fall into obscurity in a year or two when tokens will stop being popular, which is its only "use case".
March 15, 2024, 04:40:41 PM
SEC Chair Gary Gensler was against Bitcoin SEC approval and he was trying his best to avoid it but the interest of Blackrock and pressure from outside forced him to take this decision and accept Bitcoin ETFs. Now senators pressure him not to approve any more crypto ETFs because it would expose investors to risks.
Ethereum is the most popular cryptocurrency after Bitcoin, and the Ethereum ETF application is awaiting the SEC's approval. What do you think, will the SEC approve Ethereum if there is a pressure from big corporations like BlackRock?
Read the news - https://cointelegraph.com/news/senators-urge-sec-gary-gensler-reject-further-crypto-etfs
Ethereum is the most popular cryptocurrency after Bitcoin, and the Ethereum ETF application is awaiting the SEC's approval. What do you think, will the SEC approve Ethereum if there is a pressure from big corporations like BlackRock?
Read the news - https://cointelegraph.com/news/senators-urge-sec-gary-gensler-reject-further-crypto-etfs
As much as US senators can be annoying after seeing how they were attacking the CEO of tiktok and calling for ban of Tiktok completely, I think Blackrock is doing everything to milk all the US investors that are having interest in cryptocurrency. Their next target of ETF product is ethereum and if he lobby Garry Gensler more, he will one day approves anything brought to his table, he doesn't have any reputation other than get lobbied and then come online to say $hit about crypto.
The way the ETF are going will one day make crypto exchanges useless because people will trust them than the way they will trust centralized exchanges and don't be surprised, ETF platforms can plan their own coup to chase away centralized exchanges so that they can be the primary exchange that offer ETF option for people that want to invest in Bitcoin and ethereum. They ready have more than half a million under their custody, we don't know what tomorrow hold with this comparnies.
March 15, 2024, 04:07:02 PM
There is really nothing preventing Ethereum ETFs from being approved, and if they are not approved immediately, it may happen within 12 to 18 months, so it is a matter of time, but I do not expect more ETFs, especially since the majority of other cryptocurrencies do not have a solid base like Bitcoin and Ethereum, and I do not expect that. Mutual funds are enthusiastic about such assets, in addition to the possibility of purchasing them through services such as trusts or Grayscale.
If the crypto ETFs are against the interests of the USA in the long term and if this would harm the USD as a world currency (which is not yet certain at the moment), then the USA will intervene sooner or later and, if necessary, introduce appropriate laws.
March 15, 2024, 08:04:19 AM
There is really nothing preventing Ethereum ETFs from being approved, and if they are not approved immediately, it may happen within 12 to 18 months, so it is a matter of time, but I do not expect more ETFs, especially since the majority of other cryptocurrencies do not have a solid base like Bitcoin and Ethereum, and I do not expect that. Mutual funds are enthusiastic about such assets, in addition to the possibility of purchasing them through services such as trusts or Grayscale.
March 15, 2024, 07:26:06 AM
Good news! I fully support this decision. If us or any other countries can decide not to approve any further crypto exchange traded fund, it will be great for the crypto community. Bitcoin will be saved from being a centralised instrument controlled by big financial corporations.
Bitcoin is not meant to become a tool for the corporates. It is a people's money and it should remain that way. More ETF means more corporates controlling more Bitcoins. Surely I wouldn't want that!
Bitcoin is not meant to become a tool for the corporates. It is a people's money and it should remain that way. More ETF means more corporates controlling more Bitcoins. Surely I wouldn't want that!
March 15, 2024, 06:00:14 AM
Oh ok, I think this could be the possible reasons why the prices suddenly goes down to $68k. But it's only 2 Senators though, and I think I wouldn't call it a pressure but it has created a lot of noises and maybe put selling pressures in the last 24 hours.
Do this two missed it? or they haven't accumulated yet? Lol.
And I think there could be political pressures now on SEC? Fraud and manipulation? How about those centuries wherein big banks in America has been accused of manipulation, given stiff penalties and yet they are still in the banking space? Double edge sword for this Senators.
Do this two missed it? or they haven't accumulated yet? Lol.
And I think there could be political pressures now on SEC? Fraud and manipulation? How about those centuries wherein big banks in America has been accused of manipulation, given stiff penalties and yet they are still in the banking space? Double edge sword for this Senators.
March 15, 2024, 05:23:52 AM
SEC Chair Gary Gensler was against Bitcoin SEC approval and he was trying his best to avoid it but the interest of Blackrock and pressure from outside forced him to take this decision and accept Bitcoin ETFs. Now senators pressure him not to approve any more crypto ETFs because it would expose investors to risks.
Ethereum is the most popular cryptocurrency after Bitcoin, and the Ethereum ETF application is awaiting the SEC's approval. What do you think, will the SEC approve Ethereum if there is a pressure from big corporations like BlackRock?
Read the news - https://cointelegraph.com/news/senators-urge-sec-gary-gensler-reject-further-crypto-etfs
Ethereum is the most popular cryptocurrency after Bitcoin, and the Ethereum ETF application is awaiting the SEC's approval. What do you think, will the SEC approve Ethereum if there is a pressure from big corporations like BlackRock?
Read the news - https://cointelegraph.com/news/senators-urge-sec-gary-gensler-reject-further-crypto-etfs
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