Ex-Gemini Lawyer: SEC 'Unlikely' to Approve Winklevoss Bitcoin ETF

Ex-Gemini Lawyer: SEC 'Unlikely' to Approve Winklevoss Bitcoin ETF

One of the lawyers who helped craft the application for what would be the first-ever bitcoin exchange-traded fund (ETF) is doubtful the SEC will approve such a request any time in the near future. The critique, courtesy of former Gemini general counsel David Brill, potentially cuts deep, as his old employer's last and final deadline to receive approval for the experimental product is on 11th March. Though Brill is quick to point out he is a “proponent” of the creation of bitcoin ETFs and pro-bitcoin regulation more broadly, the prognosis does not bode well for its success. In conversation....

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