SEC Chairman Highlights Investor Protection in Regard to Bitcoin ETF

[Sandus_Cryptolover]

United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton is still concerned about investor protection when it comes to the commission approving a Bitcoin (BTC) Exchange-Traded Fund (ETF). The SEC chairman spoke about crypto in an interview with FOX Business on March 14.

In the interview, Clayton claimed to be neutral toward digital currencies, saying that he is not a spokesperson against the asset. The SEC chairman explained that he is concerned with the potential for manipulation associated with the space, and wants to guarantee investor protection:

“What I’m concerned about at the moment is if it can be reasonably demonstrated that the underlying trading is generally not manipulated, it’s happening on reliable venues with good rules and that custody is something we can feel comfortable about.”

Source: https://cointelegraph.com/news/sec-chairman-highlights-investor-protection-in-regard-to-bitcoin-etf

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[dothebeats]

Ahh, acting as if any regulated trading platform of today is not associated with any form of manipulation and dirty trade tactics from traders and institutional investors. While I partly agree with the sentiment, I somehow don't agree with the way they are holding up ETFs for different reasons just to make themselves look like the good guys trying to uphold fair and just trading for people. Their reasons of not approving one for the last 2 years or so have been pretty much revolving in the same circles yet they don't really do something about it, or the ETF presenters are really not stepping up their game at all, but I'm inclined to believe on the former.