The SEC's decision on Bitcoin ETFs has sparked controversy. Thailand's SEC declined to allow spot Bitcoin ETFs, citing their early stage and misalignment with the Thai market. Bloomberg editors condemned Gary Gensler for approving 11 spot Bitcoin ETFs, while also criticizing the SEC for not reforming unregulated spot trading markets. The SEC's stance on Bitcoin as a security and its legal implications were also debated, with some arguing that it contradicts the SEC's role in regulating financial instruments.
LOVE the argument that BITCOIN IS THE ULTIMATE CRYPTO ECOSYSTEM, if anything at all is. And the SEC says it isn't a security. The same reasons that the SEC holds everything else to be a security apply to Bitcoin. Yet the only difference here is the SEC deems it different.…
1/ Today's @Coinbase hearing revealed a key flaw in the SEC's legal theory: it turns nearly every asset on the planet into a security. That can't be true. The SEC was created to regulate markets for *financial* instruments, not digital goods or the technologies empowering them.
this has always been the most incoherent aspect of the SEC's take on tokens...Bitcoin is the same as all the others (no fair launch doesn't matter because SEC does not agree that a fair-launched token is never a security) https://t.co/KbBFdiLsdM
The SEC's attorney just claimed Bitcoin isn't a security because there is no ecosystem behind it. Sorry Bitcoin developers. You all don't exist.
BREAKING: @Bloomberg EDITORS CONDEMN @GaryGensler FOR HIS DECIDING VOTE ON SEC APPROVAL OF 11 SPOT $BTC ETFS https://t.co/6ex13vDo3D
Bloomberg editorial board: Bitcoin ETF approval fails investors Says SEC should have tried harder to reform unregulated spot trading markets. I think that was the original goal, but approving CME-traded bitcoin futures ETFs & then losing Grayscale lawsuit boxed them in. https://t.co/yrhhhotals
Woof. Bloomberg editors not happy about Bitcoin ETFs being approved: https://t.co/6eA5VpmJFP
Thailand's SEC has declined to allow trading of spot Bitcoin ETFs, citing that foreign-approved Bitcoin ETFs are still in nascent stages and may not align with the economic needs of the Thai market https://t.co/hl6qCAlNAs
Why was the SEC slow on bitcoin ETF? A hacked tweet tells the tale, @AsymmetricInfo writes: https://t.co/DbkSq7k7QI
The Bitcoin ETFs go directly against the crypto ethos. ❌ decentralized ❌ permissionless ❌ trustless It's none of these things when the same suits control your coins. https://t.co/VAXpa8E87u
Thai SEC Says It Has No Plan to Permit Spot-Bitcoin ETFs Locally Perfect place for @GaryGensler to end his "career"
Why was the SEC slow on bitcoin ETF? A hacked tweet tells the tale, @AsymmetricInfo writes. https://t.co/22fY7il0Qn
#Crypto #BTC Tradfi trading platforms who don’t allow Bitcoin ETF trading. https://t.co/vks90qZmIF