Cameron Winklevoss confirms his criticism of the SEC for the 10th anniversary of his rejected Bitcoin ETF application

Von Krypto News Österreich

10 Jahre abgelehnter Antrag auf Bitcoin-Spot-ETF: Cameron Winklevoss kritisiert SEC Cameron Winklevoss, Mitbegründer der Kryptobörse Gemini und bekannter Krypto-Investor, hat anlässlich des 10. Jahrestags seines ersten, abgelehnten Antrags auf einen Bitcoin-Spot-ETF bei der US-amerikanischen Börsenaufsicht (SEC) seine Kritik an der Behörde erneuert. Er bezeichnete die Weigerung der SEC, Krypto-Finanzprodukte zuzulassen, als „totales Desaster“ und machte die Behörde für das Aufkommen von „toxischen Produkten“ und betrügerischen Anlagen verantwortlich. Winklevoss betonte, dass eine Regulierung des Kryptomarkts in den USA eine bessere Lösung wäre. Er forderte die SEC auf, sich auf ihren eigentlichen Auftrag zu konzentrieren – den Schutz von Anlegern, die Förderung …
10 years of rejected application for Bitcoin-Spot-ETF: Cameron Winklevoss criticizes SEC Cameron Winklevoss, co-founder of the crypto tour of Gemini and well-known crypto investor, on the occasion of the 10th anniversary of his first, rejected application for a Bitcoin-Spot ETF at the US Börsliche (sec) Authority renewed. He described the refusal of the SEC to allow crypto finance products as "total disaster" and blamed the authority for the advent of "toxic products" and fraudulent systems. Winklevoss emphasized that regulating the crypto market in the USA would be a better solution. He asked the SEC to concentrate on its actual order - the protection of investors, promotion ... (Symbolbild/KNAT)

10 years of rejected application for Bitcoin-Spot-ETF: Cameron Winklevoss criticizes SEC

Cameron Winklevoss, co-founder of the crypto tour Gemini and well-known crypto investor, has renewed his criticism of the authority on the occasion of the 10th anniversary of his first, rejected application for a Bitcoin-Spot ETF in the US stock exchange supervision (SEC). He described the refusal of the SEC to allow crypto finance products as "total disaster" and blamed the authority for the advent of "toxic products" and fraudulent systems.

Winklevoss emphasized that regulating the crypto market in the USA would be a better solution. He asked the SEC to concentrate on its actual mandate - the protection of investors, the promotion of fairer and orderly markets and the facilitation of capital formation. Finally, he expressed his support for the introduction of Bitcoin ETFs.

A large number of applications for approval of Bitcoin-Spot-ETFs have currently been submitted to the SEC. A particularly noticed application comes from the world's largest asset manager Blackrock in cooperation with the CryptoBörse Coinbase. However, the SEC rejected the application on the basis of insufficient information. There was no information on the surveillance agreements, in particular on the "agreement on joint surveillance" with a specific Bitcoin exchange. The applicants must submit this information in detail in order to be able to submit their application again.

also plan other asset managers such as Valkyrie, Wisdomtree and Investco to revise their ongoing applications in order to increase their opportunities. The application of the Swiss asset manager 21shares together with ARK Invest boss Cathie Wood is expected to be decided on August 13th and is also to be revised.

The return of the Blackrock application and the uncertainty regarding the other applications have led to price movements in Bitcoin. After an initial upward movement to over $ 31,000, the Bitcoin course fell back to the $ 30,000 mark again.

With his criticism of the SEC,

Cameron Winklevoss has again pointed out the difficulties in approval of Bitcoin-Spot ETFs in the USA. The applicants must now revise their applications in order to meet the regulatory requirements. Investors are excited to see if and when will such an ETF be admitted.