{"id":25449,"date":"2024-01-07T01:37:59","date_gmt":"2024-01-07T01:37:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-advised-to-reject-bitcoin-etf-by-better-markets-ceo\/"},"modified":"2024-01-07T01:37:59","modified_gmt":"2024-01-07T01:37:59","slug":"sec-advised-to-reject-bitcoin-etf-by-better-markets-ceo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-advised-to-reject-bitcoin-etf-by-better-markets-ceo\/","title":{"rendered":"SEC Advised to Reject Bitcoin ETF by Better Markets&#8217; CEO"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Dennis Kelleher, the CEO of Better Markets, a nonprofit organization, has come out to the United States Securities and Exchange Commission (SEC) with a strong message. He advises the regulatory body against greenlighting a spot Bitcoin exchange-traded fund (ETF). On January 5, in a letter to SEC secretary Vanessa Countryman, Kelleher expressed his concerns about the potential dangers of approving such a product.<\/p>\n<p>Kelleher\u2019s primary worry revolves around the significant risks he believes investors would face with the introduction of a spot Bitcoin ETF. He rarely issues supplemental comment letters, but he felt compelled to do so in this case. \u201cWe submit this supplemental comment letter (which Better Markets very rarely does) because it would be a grave if not historic mistake almost certainly leading to a massive investor harm if the SEC approves the pending rule change,\u201d Kelleher stated.<\/p>\n<p>He pointed out that the crypto market is often associated with fraud and manipulation, and <a href=\"https:\/\/igaming.org\/crypto\/final-filings-suggest-imminent-approval-of-u-s-bitcoin-etfs\/\">approving<\/a> a spot Bitcoin ETF would only increase investors\u2019 exposure to these risks. Kelleher\u2019s stance is that such an approval could be misconstrued as an endorsement by the U.S. government of the crypto industry\u2019s products.<\/p>\n<p>This isn\u2019t the first time Kelleher has expressed skepticism about the crypto industry. In May 2023, during an interview, he referred to the industry as \u201cworse than a fantasy; it\u2019s a fraud on the public.\u201d<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/dennis-kelleher-warns-sec-against-bitcoin-etf-approval\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Dennis Kelleher, the CEO of Better Markets, a nonprofit organization, has come out to the United States Securities and Exchange Commission (SEC) with a strong message. He advises the regulatory body against greenlighting a spot Bitcoin exchange-traded fund (ETF). On January 5, in a letter to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25449"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25449"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25450"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}