POW crypto should be globally banned on ecological grounds.
SEC has not approved Bitcoin ETFs [fixed]
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Re: SEC has not approved Bitcoin ETFs [fixed]
#52I am glad to see the cyberpunk future of hackers impersonating government agencies in order to pump and dump digital currency has finally arrived.
Re: SEC has not approved Bitcoin ETFs [fixed]
#53The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
How is the SEC responsible for fraud committed on Twitter?
Re: SEC has not approved Bitcoin ETFs [fixed]
#54> The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
Re: SEC has not approved Bitcoin ETFs [fixed]
#55[deleted]
Re: SEC has not approved Bitcoin ETFs [fixed]
#56As someone completely out of the loop what was preventing ETFs from including Bitcoin? Is there some regulation about what types of assets can or cannot be part of an ETF? Can I go make an ETF for magic the gathering cards? How about restaurant reservations or taylor swift tickets?
Each ETF needs to be approved by the SEC. You are welcome to submit an application for your restaurant reservations. Historically the SEC has refused these grants for Bitcoin ETFs on the basis that the underlying asset does not have well-established spot markets and credit mechanisms. See for example [1]. Greyscale finally sued the SEC for applying arbitrary and capricious standards, and prevailed in federal court. B…
> Also goes to evidence that Bitcoin markets might be a bit too sensitive to manipulation to be suitable for inclusion in an ETF
I don’t understand how you came to that conclusion. $2k is a relatively small fluctuation. Do you think other securities wouldn’t be subject to the same fluctuations given positive news? If not, there shouldn’t be laws against it like there are now
Re: SEC has not approved Bitcoin ETFs [fixed]
#57The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
how do we know if this website is spreading truth from the SEC itself, then?
Re: SEC has not approved Bitcoin ETFs [fixed]
#58The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
Re: SEC has not approved Bitcoin ETFs [fixed]
#59I love watching crypto people obsess about the fabled Bitcoin ETF. You'd think it was some kind of religious movement. "Oh glorious SEC, once thou bestowest thine blessing, Crypto shall rise a thousandfold! Glory to Bitcoin!"
Crypto people are more like: "Honey badger don't give a fuck. Not your keys, not your coins."
Re: SEC has not approved Bitcoin ETFs [fixed]
#60Yeah this is really bad for BTC longs. now it will probably be delayed. it's obvious that there is too much fraud and manipulation.. The SEC cannot in good conscious allow an ETF to protect investors (yes, ETFs which have lost all value like UVXY have been approved). Whoever did this furcked over wall street and these funds. Wow. never a dull moment.
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