To truly hamstring BTC, the SEC (along w/ FINCEN et al) need to put a tight collar on Binance, and probably some other localized exchanges like Kraken…maybe, MAYBE some others. To sever the ability for Dollars worldwide to free-flow into exchanges, hence into Bitcoin.

THEN they’re more than happy to open the floodgates on ETFs. All KYC after that.

People hoping for the demise of Binance are idiots…or already have all their non-kyc Bitcoin.