BREAKING: Congress Pushes SEC for Spot BITCOIN ETF Approval! (Gensler UNDER PRESSURE!)
As I delve into the latest developments in the cryptocurrency space, it’s both frustrating and intriguing to witness the SEC’s continued reluctance to approve spot Bitcoin ETFs despite mounting pressure from Congress and recent court decisions. The bipartisan letter urging the SEC chair to act swiftly highlights the inconsistency and, some might argue, the detrimental nature of their current stance. This bureaucratic back-and-forth can indeed be disheartening, giving rise to skepticism that anything substantial will change.
Yet, amidst this exasperation, I can’t help but remain cautiously optimistic. Observing the broader context of crypto cycles and the potential for regulatory wins to align with significant market events, like the upcoming halving, keeps me hopeful. While the path forward may seem mired in delays and non-answers, I believe that eventually, the crypto industry will secure these regulatory victories that will be pivotal for its growth. Your thoughts on these unfolding events are invaluable, so please share them in the comments, and if you haven’t already, consider subscribing and liking to show your support in these challenging times for crypto enthusiasts.
Oversight of the SEC – https://www.youtube.com/watch?v=gzhmi10nNN4
Grayscale news – https://www.reuters.com/business/finance/grayscale-urges-us-sec-approve-spot-bitcoin-etf-following-court-victory-2023-09-05/#:~:text=A%20three%2Djudge%20panel%20of,price%20of%20bitcoin%20nearly%207%25.
SEC pushed Bitcoin ETF deadline – https://cointelegraph.com/news/sec-pushes-deadline-ark-21shares-spot-bitcoin-etf
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