Bitcoin Criticism from the US Institution to the SEC!

The US Securities and Exchange Commission (SEC) has long faced criticism for its stance on cryptocurrencies.

Because the SEC in 2021 Bitcoin (BTC) futures ETF despite the approval of their application. spot Bitcoin ETF did not approve their application.

SEC in rejection decisions “prevent apps with fraudulent and manipulative behavior” and “Protecting the public interest with investors” cites that the conditions are not met.

spot the SEC BTC The latest critic for not approving ETFs Digital Chamber of Commerce it happened.

The Washington-based agency blamed the SEC in a report today.

The Digital Chamber of Commerce claimed that the SEC was depriving US investors of some kind of trading instrument already available in other countries, thereby harming investors.

The report included the following statements:

“The American public does not have a familiar, cost-effective, liquid, transparent and regulated access to Bitcoin markets.

Because the SEC continues to push U.S. investors looking to invest in this transformative asset class into unregulated or foreign alternatives.”

Speaking about the report they prepared, the founder and CEO of the Digital Chamber of Commerce Perianne Boringreport “The first comprehensive document detailing the arbitrary and capricious behavior of the SEC” described as.

“Finding the SEC’s historically rejected applications in one place is crucial to building awareness and accountability for not just a single application, but for the agency’s approach to the industry as a whole.

A single refusal may be viewed from a single perspective, but a comprehensive look at the SEC’s refusals reveals a pattern that the agency must address. But if they still can’t solve it, Congress must act.”