Whats Is Preventing SEC To Approved Bitcoin ETF ?

[bp124]

Since  2009 There has  been many accusation against bitcoin but yet people  still love to use bitcoin .. there  is over 3500 bitcoin ATM across the Globe , many country  has  legalize bitcoin as legal tender , But whats is prevent SEC to  approve it ..  Is there any Secret behind it ?

[Jating]

There is no secret.

The simple answer: Crypto market is prone to manipulation.

And the way crypto exchanges are structured which may not fall or cover by The Laws That Govern the Securities Industry.

So there's a lot of technical details behind, not just looking at how many bitcoin ATM's around the world or nations adopting it.

[Kakmakr]

One word -=< Control >=-

The SEC wants to control all aspects of people finances and also have full surveillance on any trade or transaction that was done within their financial system.

They are using price manipulation as an excuse for their lack of control over this technology. They hate Bitcoin's pseudo anonymity and global influences on the price. <They currently have full control over tools and instruments that are used at US Stock exchanges>  

[kingpin4321]

Well as you may know there are some foreign governmental bodies that feels cryptocurrency is going to rival there countries currency or what ever reason so all this are factors that still keeping sec from coming up with a decision yet although we should expect it soon

[davis196]

Since  2009 There has  been many accusation against bitcoin but yet people  still love to use bitcoin .. there  is over 3500 bitcoin ATM across the Globe , many country  has  legalize bitcoin as legal tender , But whats is prevent SEC to  approve it ..  Is there any Secret behind it ?

Another factor are the stereotypes regarding cryptocurrencies.Many people refuse to believe that bitcoin has value.Even in this forum,I see many people,who think that bitcoin is "nothing" and trading fiat for btc is like exchanging something for nothing.