The SEC has sued ....... Everyone at this point and has been rejecting spot ETFs since 2014. Other countries such as Canada, Brazil, Dubai, and Australia have these products on their stock exchanges. There certainly has been a war against crypto in this country and I believe the SEC has had strict orders in this country to not approve it. They can cite pretty much anything for reasons not to approve it. Eventually you would think it would get approval but there is even more of a reason now to not approve it since the SEC has attacked all these major exchanges essentially.
In some respects a lot of people might see these SEC attacks as bearish and it certainly doesn't help but I'm very bullish on crypto overall. We are able to ride another cycle just like the last couple cycles.
I think there is low chance that the SEC approves any of the proposals they have to do in the next week. I think if they were going to approve it we wouldn't see things rolling over the way they are because there would be big money that knew it was coming. The market seems like it is giving back all the gains from the Grayscale verdict earlier in the week.
#bitcoin #sec #ethereum #ftx #coinbase #kraken
