BlackRock vs SEC: SEC wins. Fatality

 

Comments by Lado Okhotnikov:

Sources told the Wall Street Journal that the SEC considers the latest applications for bitcoin ETFs to be inadequate. If the information will be officially confirmed, it will also confirm the regulator's policy of taking control of the cryptocurrency market. Investment monsters BlackRock and Fidelity join dozens of other applicants looking to issue ETFs.


Also, all assumptions about the joint actions of BlackRock and the SEC will be false. Obviously, the regulator, under the strict auspices of Gary Gensler, doesn’t want to share powers and looks forward to a sole control of the crypto market.

 The market, by the way, immediately reacted to the news with a large-scale fall. Immediately after the publication of the article, bitcoin fell below $30K.

 Well, the miracle did not happen, now it remains to observe the fight between the SEC and Coinbase and Binance. You can be sure that after fight with the two mega-exchanges, regulator will turn its attention to everyone else. 

#SEC #bitcoinETF #ETF #risks #cryptomarket #Lado_Okhotnikov #bitcoin #expert_opinion

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