Will Spot Bitcoin ETF also favor the SEC?

[Publictalk792]

By promoting centralization of the Bitcoin system, it would make it easier for the SEC to regulate and control the space through targeted policies aimed at institutional investors.
And SEC may be taking their time to thoroughly evaluate the potential risks and concerns associated with a spot Bitcoin ETF.
And I also think that this approval will be good for both for investors and for SEC.

[Wend]

Institutional investment in bitcoin will lead to an increase in the price of the currency which is good news to investors. But do you think the SEC will also benefit from the approval of Spot Bitcoin ETF?

As you also said, the SEC works for the government and the government would never accept bitcoin or legalize it if they didn't get the benefit behind that approval. We still don't know what their real benefits are but as some have said and I find it reasonable. Taxes and making it easier for them to manage bitcoin through centralized exchanges is something they are definitely thinking about.

Some people have pointed out that ETFs are bad for bitcoin, and they are probably not wrong because they think bitcoin will become more centralized. But one thing we need to know is that ETFs are almost inevitable.

[Best-mary]

I do not know about the SEC than for them to do their work and regulate securities and exchanges. But the United States government will gain more because spot bitcoin ETF would be a way bitcoin can be easily be taxed and this is what you have answered yourself in your post. The SEC are working for the government and the government would be favoured.

Haha, you hit the nail on the head. I know all this while the SEC has been postponing this ETF, there has been something behind it. Like the thing is, will it also affect exchanges as I do trade with

[Youngkhngdiddy]

Haha, you hit the nail on the head. I know all this while the SEC has been postponing this ETF, there has been something behind it. Nike the thing is, will it also affect exchanges as I do trade with Bitget and Binance

  Like some others have said, the official reason is that the ETFs were not structured in a way that manipulators can be identified.This is a bit silly, because manipulators of silver, gold or diamond prices can also not be identified. That’s why the unofficial reason is political climate. SEC governors will be kind of held responsible if people lose a lot of money in crypto with Bitcoin futures etc, which will happen. So, they are looking for something that saves their buttocks so to speak and makes them not responsible if people lose money. Despite these ongoing challenges many are still optimistic that a spot bitcoin ETF approval will come mid to late 2022. Projects are continuing to have discussions with the SEC about best practices to prevent any market manipulation or fraud.
   If the ETF gets full approval, I wouldn’t be surprised to see Bitcoin go to $100k .A full SEC approval will literally kick in the doors for the traditional investors looking to diversify and put their hands on the market that offers relatively high gains and it will make them want to pour massive amounts of cash into ETFs as well as put some of it directly into Bitcoin itself. Nonetheless, it's important to remember that the cryptocurrency market is highly volatile and influenced by various factors, so it's crucial to stay informed and make investment decisions based on thorough research and personal risk tolerance.

[Dimitri94]

SEC are full of people, they are not from other planets and the rumours of possible money making from Bitcoin and crypto is going around, tell me how it's impossible for those working with SEC not having Bitcoin at all? That's impossible.

Even while there was bans on Bitcoin in my country, some government workers and bankers purchased Bitcoin through my help, they give no fk about the government decision and they are passing out the rules and yet breaking them behind the walls.

Those bitcoin haters in the US are also investors, there is no way you can know that they are also buying themselves because you don't need anyone's presence to purchase some Bitcoin and hold, they just hate that people are turning into millionaires with crypto and not them.

Is it absolutely true that people who are banning Bitcoin of course they also indirectly own Bitcoin. But they can't reveal it. There may be many who are buying Bitcoin and working in the SEC. However, since the SEC is a government agency, it has to work in the light of the government's mandate of that country. If ETFs are approved, everyone involved in crypto will definitely benefit. A huge amount of money will be added to the crypto market which can take the market to unique heights. But the first thing that will prevail is how much benefit the government will get from this. Many are speculating that Bitcoin ETF will be approved but I am not sure until it is approved.