As SEC Rejected Bitcoin ETF, Bitcoin Price Rally Can Still Be AheadAs the news of the Winklevoss exchange traded fund not being approved by the Securities and Exchange Commission sinks, the CEO of CryptoCompare, which brings the latest streaming pricing data of cryptocurrencies, hints at what could have been responsible for the rejection.
Charles Hayter states in an email that the SEC does not like Bitcoin being unchained from all regulation and the rejection move is, in essence, a form of consumer protection.
https://cointelegraph.com/news/as-sec-rejected-bitcoin-etf-bitcoin-price-rally-can-still-be-ahead