#bitcoin #btc #bitcoinstr.

Just read the SEC non sequitur statements

FROM THE SEC WEBSITE

“The Commission is merit neutral and does not take a view on particular companies, investments, or the assets underlying an ETP. “

…

“Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7]”

…

“Furthermore, the Commission will fully investigate any fraud or manipulation in the securities markets, including schemes that use social media platforms.[3] “