WSJ editorial slams SEC’s ‘bewildering’ Bitcoin ETF denials
The editorial board has drawn attention to a two-pronged approach employed by SEC’s Gensler, which makes it practically impossible to get a spot Bitcoin product approved. The Wall Street Journal Editorial Board has come out swinging against Gary Gensler’s “legendary” resistance to approving a spot Bitcoin (BTC) exchange-traded fund (ETF). The hard-hitting opinion piece, published on Wednesday, called out the Gensler-led Securities and Exchange Commission (SEC) for overt inconsistencies in how the commission handles applications for Bitcoin-related exchange-traded products (ETPs) compared....
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A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.”
Rep. Emmer Slams SEC and Chair Gensler
The director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), Gurbir Grewal, testified Tuesday before the U.S. House of Representatives Committee Financial Services’....
The editorial board for Bloomberg News has called for a permissive regulatory environment for blockchain development, particularly in the area of public versions of the technology such as bitcoin. In an editorial published yesterday, the board advocated for the use of so-called regulatory sandboxes, or rule-making frameworks that allow companies to test financial products within a limited scope and customer range. Comprised of a team of news and features editors, the board joins a number of countries, including the UK, that have pushed for creating such environments specifically for....
A healthy dose of skepticism is well, healthy. As for The Economist, their opinion is pretty much in lockstep with much of the world’s biggest industries that have been predicted to be ripe for adoption of blockchain technology. With specific mention of the financial and banking industry, the editorial goes into why blockchain technology may be a slowly adopted innovation. In the editorial, the author points to the hyper-competitive nature of financial firms and banks as being a hindrance to the proliferation of blockchain technology. Due to the lack of cooperation between the world’s....
Huffington Post journalist David Seaman, who we interviewed last month, has a bone to pick with the Digital Currency Group’s Barry Silbert. The article in question written by Seaman claims Silbert is behind the Ethereum Classic chain pump, and the whole ETC project is a blatant scam in his opinion. David Seaman Slams Barry Silbert’s ETC ‘Pump’. The very....
Bloomberg’s Editorial Board has published a piece putting the entire idea of how we use cash as a society under a microscope. While cash has undoubtedly had a moment for a few thousand years, Bloomberg’s editorial piece speculates on why cash has become somewhat passe and the goes on to address some of the many advantages, along with a few of the disadvantages to be had with various digital currencies. In what was an eye-widening announcement for the rest of the world, when the People’s Bank of China stated that it intends to begin issuing its own digital currency, even nations that have....