BetterMarkets.org , "an independent, nonpartisan, nonprofit organization that promotes the public interest in financial reform, financial markets and the economy" filled a supplemental comment letter with the US SEC:
THE SEC MUST FOLLOW THE LAW AND REJECT SPOT #BITCOIN ETPS WHICH WILL INFLICT MASSIVE INVESTOR HARM
Bettermarkets.org is lead by Dennis Kelleher, Co-founder, President and Chief Executive Officer
Last gasp of a dead ender. Cheap Sats if SEC denies. #bitcoin doesn’t care.
"Financial carnage"
The hyperbole is coming in hot and late. Very late.
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Kinda would be cool if these guys were influential enough to get the denial.😉
If they keep quoting out of date, hyperbolic data though I'd imagine most people will just ignore them and file in the "Liz Warren screaming at the sky drawer".
In percentage, how much do you agree with the observations in this paragraph?
#bitcoin
"The approval of these spot bitcoin-based ETPs would not only expose investors to a market
thoroughly contaminated with fraud and manipulation, it would also enable the crypto industry to
claim or imply that their products are now approved by the United States government.
The crypto industry will almost certainly flood Americans with marketing propaganda suggesting that the SEC’s action legitimized crypto and that retail investors should feel secure in investing in cryptoas a result. And if the SEC approves these products, it will also set a dangerous precedent that will
increase the difficulty for the SEC to protect the public interest in a variety of other related and
unrelated contexts."
