The SEC is looking for excuses to deny these applications, because they know Bitcoin is not under their control. The Wall
Street investors are used to protection mechanisms to protect their investments and they do not have this with Bitcoin,
because they cannot control it. They have been making sure that the system provide them with checks and balances to
enable them to manipulate the markets and they use that to their advantage to enrich themselves and to exclude some
people from this system. These people will destroy Bitcoin, if they can control it.
{Can you imagine what will happen if
these people are allowed to invest Billions of Dollars of our pension fund money into Bitcoin to destroy it?}