Overview

Click to expand overview
In short, prices and demand for bitcoin may not actually be what they appear to be. Indeed, just yesterday, prior to the issuance of our approval Order, one of the SEC’s A new revelation threatens to cast a shadow over the US Securities and Exchange Commission’s (SEC) handling of Bitcoin spot ETF applications, which are Ahead of anticipated Spot Bitcoin ETF approval, Better Markets sent a letter to SEC claiming that its acceptance could be a historic error. Dennis M. Kelleher, Co A new revelation threatens to cast a shadow over the US Securities and Exchange Commission’s handling of Bitcoin spot ETF applications, which are currently u Castle Island Ventures General Partner Matt Walsh drew attention to an opposition letter on the Fidelity Bitcoin ETF proposal sent to the SEC by independent Specifically, due to the connection that SEC chair, Gary Gensler may have to the company that issued the letter. An independent organization called Better Markets, Inc.

Did the SEC Stage Spot Bitcoin ETF Opposition? Controversy Erupts

A new revelation threatens to cast a shadow over the US Securities and Exchange Commission’s (SEC) handling of Bitcoin spot ETF applications, which are currently under intense scrutiny. Was the opposition to these ETFs legitimate, or did the SEC orchestrate it?

The controversy centers around an opposition letter on the Fidelity Bitcoin ETF proposal sent to the SEC by an independent organization called Better Markets, Inc. Castle Island Ventures General Partner Matt Walsh drew attention to this letter, raising serious questions about its origins and potential influence.

Specifically, the connection that SEC chair, Gary Gensler, may have to the company that issued the letter is under investigation. Concerns are mounting regarding the impartiality of the SEC's decision-making process.

Ahead of anticipated Spot Bitcoin ETF approval, Better Markets sent a letter to SEC claiming that its acceptance could be a historic error. Dennis M. Kelleher, Co-founder of Better Markets, argued against the ETFs, but some now suspect this opposition may have been strategically timed and potentially even encouraged.

The core of the argument lies in the potential manipulation of the Bitcoin market. As Better Markets states, “In short, prices and demand for bitcoin may not actually be what they appear to be. Indeed, just yesterday, prior to the issuance of our approval Order, one of the SEC’s…” – This quote, seemingly alluding to internal SEC involvement, has fueled the fire of speculation. A new revelation threatens to cast a shadow over the US Securities and Exchange Commission’s handling of Bitcoin spot ETF applications, which are currently undergoing review.

If true, these allegations could significantly damage the SEC's credibility and raise serious legal questions about the fairness of the regulatory environment for cryptocurrency. The investigation is ongoing, and the crypto community awaits answers regarding the SEC’s handling of the Bitcoin spot ETF applications and the potential staging of opposition.

Top Sources

Related Articles