The SEC - Will they ever speak the same language on Bitcoin?

[Kprawn]

So, we know the Winklevoss ETF was denied, but what are the SEC's opinions on Bitcoin ETFs from both sides of the debate :

SEC Chairman Jay Clayton On Cryptocurrencies And Investing | CNBC - https://www.youtube.com/watch?v=wFr1ooaVPjY

VS

CNBC Exclusive: Interview with SEC commissioner Hester Peirce - BTC ETF. - https://www.youtube.com/watch?v=5sK5Z77FMyM&feature=youtu.be&t=1202

Jay Clayton says, "We have been doing this for years x 3 and play by our rules or we will deny your application."

Hester Peirce says, "Let's remove all barrier to entry and allow innovation to prosper"

Will these people ever come together to make a favourable decision on Bitcoin ETFs or are they just too far apart?

Why should they want to deny Bitcoin ETFs based on global market manipulation and then allow other ETFs, where the

manipulation is rife?

[GhostAltCoin]

If SEC give ETF validation, then Bitcoin will get more profit than ever before. Bitcoin's demand is always more in the market. I think after that it will be twice more. Then it will be very cool. Bitcoin is more secure and potential than before.

[FunZedCrypto]

I think sec will take some step that helps the bitcoin. Although SEC did not approve EFT but I think in future they will consider this issue. As digital currency is approve all over the world sce have talk favore of bitcoin.

[shadyrifles]

SEC Chairman is not giving any clear stance on cryptocurrency, Jay Clayton (SEC Chairman) said if you come directly on IPO's (Initial Public Offering) with token then the SEC is going to help you the best. But he is still not sure about any particular cryptocurrency as security.

[KingScorpio]

So, we know the Winklevoss ETF was denied, but what are the SEC's opinions on Bitcoin ETFs from both sides of the debate :

SEC Chairman Jay Clayton On Cryptocurrencies And Investing | CNBC - https://www.youtube.com/watch?v=wFr1ooaVPjY

VS

CNBC Exclusive: Interview with SEC commissioner Hester Peirce - BTC ETF. - https://www.youtube.com/watch?v=5sK5Z77FMyM&feature=youtu.be&t=1202

Jay Clayton says, "We have been doing this for years x 3 and play by our rules or we will deny your application."

Hester Peirce says, "Let's remove all barrier to entry and allow innovation to prosper"

Will these people ever come together to make a favourable decision on Bitcoin ETFs or are they just too far apart?

Why should they want to deny Bitcoin ETFs based on global market manipulation and then allow other ETFs, where the

manipulation is rife?

No! i rather expect the SEC to disappear in the future, than becoming one minded, they cant legalise a single private currency and have it more market attention in the media than others.

thats not allowed. according to the 3 slogans of the french revolution, "egalite, fraternite, liberte"

[johnokeefe09]

I think ETF of bitcoin are approve than bitcoin are more reliable and secure for investor. Thats means it will make more profit for investor. in my opinion SEC will approve ETF bitcoin. Bitcoin future are bright.

[Crystalcoin24]

The SEC needs to meet with us half way in terms and conditions. Getting the ETF disapproval has already led to a chaotic movement in the market. They need to explain why they have done that and need to address the people directly.

[Sandus_Cryptolover]

How I only wish all this crazy drama between SEC and ETF is over with and let's have our beloved Bitcoin doing what it's very good at. It will more interesting if real investors can have a good say in the deliberations though and not just few handy people some if which don't really understand the technology.

[AutisticKid007]

ETF's are secured investment, which is why SEC is worries about misleadings through persuasions, fraud, theft or scams. There are mixed opinions of the approval among members of SEC, hopefully, if bitcoin makes a system a bit more under regulations, ETF will soon be accepted.

[aryaadikariyansyahsuwarto]

maybe the SEC is not so easy to approve things like that, it needs consideration between their team, or maybe they need time to make it easy, they don't want to be as easy as that process ...

[kma.deno]

ETFs are secured investment which is why SEC is concerned about market manipulation, frauds and scams. However, it seems like there are different opinions among the SEC members themselves. If someone or some organization can come up with a more foolproof framework of bitcoin ETF in the future it may turn the tide in favor of ETF getting accepted.

[KennethDarnell]

SEC is currently concerned about market manipulation which is true. We have seen the market manipulation changing the tide of price many times. People want a secure investment which Bitcoin is still unable to provide. But, in future if someone comes up with a plan which has no shortcomings there won't be any way available for SEC to not approve of ETF.

[SmartMetro54]

The tone of SEC is changing recently, with increased public demand and continuous persuasion by the organizations that are submitting Bitcoin ETF proposal, it is very much likely that SEC will be forced to accept it if someone comes up with framework that can't be manipulated in any way.

[KryptoKing7]

https://mano.bjammerboy.io/5518/3962179

[Sarel Wolmarans]

I believe the ETF approval is round the corner, it will come!!

[squatz1]

I'm just going to start off and say that it's only a matter of time before a bitcoin etf is accepted, as the SEC must find a good reason to deny it or they look like they're wrong in their quest to protect investors.

But people must understand that bitcoin WAS NEVER about waiting for the government to approve of it to thrive, Bitcoin is about working without the government and bypassing them in order to thrive as a currency. I don't think we should all be applauding about making Bitcoin an investment -- when we should really be trying to work on adoption.

Adoption is the only thing which is going to matter in the end, investments are just going to try to use the hype of bitcoin to make a couple bucks. We don't want volatility, we want a currency which people feel comfortable using.

[bloodyvio]

they just postponed it
and will make decisions within the next two months
but i'm sure 90% chance that the ETF will be approved
this is the right time to collect bitcoin while it's cheap

[Jating]

Cryptocurrency has always been viewed as a negative factor in the global and centralized systems , it's very rare for any central level to view cryptocurrency as something useful or positive. So I wasn't really surprised with the SEC rejection, it wasn't unexpected. And basing on their statements, I do think they are quite far away from each other, however I do think, SEC will surely think twice about their decision.

Well they already admitted they have make a hasty decision rejecting all Bitcoin ETF's: https://thecoinshark.net/the-sec-admitted-being-too-hasty-when-rejecting-bitcoin-etfs/.

@squatz1- Yes, its inevitable but I think we won't see any approval this year.

If SEC give ETF validation, then Bitcoin will get more profit than ever before. Bitcoin's demand is always more in the market. I think after that it will be twice more. Then it will be very cool. Bitcoin is more secure and potential than before.

That's what everyone is hoping, a influx of cash coming end, but it is enough or sustainable though? Or it is possible to open up more manipulations because the custodians will be powerful enough to sway the market whichever direction they wanted?

[vit05]

It seems that the only relevant subject at the moment is this. There is nothing more than waiting for an ETF to be approved. If not, Bitcoin died.

Bullshit !!

There are many innovations ahead and who need to approve the cryptocurrency is the population. Its use is all the approval we need right now. Liquidity and defense of an asset that is mathematically better than all current.