THE SEC COIN ARREST AGAINST BITCOIN: WILL SEC EVER APPROVE BTC?
“Adoption is what is driving the demand on ground. It’s being used widely in many countries and a lot of jurisdictions are starting to regulate it and approach it with a cautious but optimistic approach.
That’s generally a couple of factors that will affect regulatory interest. It is geared up for a rally toward year–end” – CEO of Fatfish Internet Group.
In a statement, the company said they were excited to collaborate with the Blockchain project, Ripple XRP.
Coming down to Bitcoin,
With the bush track Bitcoin is moving recently, there are many factors to say yes or no if at all the SEC will approve it.
While we might keep our fingers positively crossed, it is okay to base our hope on what the Tech VC said. That is, the possibility of SEC approving Bitcoin ETF in the near future.
Speaking to CNBC last week, the CEO of Fatfish Internet Group, Kin-Wai Lau believes that the Securities and Exchange Commission (SEC) will soon give an approval for Bitcoin.
In his words, he said “I think it’s a matter of time before we see the SEC approve an ETF. It’s just a matter of which organization will be able to come out with comprehensive tools in terms of monitoring, surveillance, and ability to liquidity.
There is a range of tools that need to be equipped, but it’s also the readiness of the market. We’re not far away, maybe a couple of months away from the market accepting an ETF product. I think that’s what the SEC will be looking at”.
With the above, it is ethical to believe that the crypto market will meet the point of acceptance for Bitcoin, and of course, it is a survival for other Cryptos.
And by all means, if you want to track these projects, you can track those using great and top tools…
There is no doubt that Bitcoin is not as it was two years ago in terms of price. That is okay.
Again, can we say this is what Nakamoto wanted Bitcoin to be? A currency to be regulated, such that the acceptance is dependent on a country’ body?
➡ The way out?
The best way against being tempted is using a simple Wallet to preserve your Blockchain project against crypto inflammation.
A great question can be, why is that SEC is a determinant to the price of Bitcoin?
Have any view(s) on this, let’s talk about it below.