Cameron Winklevoss, co-founder of popular US cryptocurrency exchange Gemini, has been heavily critical of the Securities and Exchange Commission’s (SEC) spot Bitcoin (BTC) ETF stance.
Co-founder of Gemini Cameron Winklevoss On July 2, he published on his official social media account. in the shipmentmade heavy statements about the SEC.
Winklevoss, SEC’s spot Bitcoin exchange-traded fund (ETF) on the subject your negative attitude a great deal for investors that you hurt told:
Today it’s been 10 years since Tyler and I filed our first spot Bitcoin (BTC) ETF. The failure of the SEC to approve these products for 10 years has been a disaster for US investors and has demonstrated the failure of the SEC in this regard.
Cameron Winklevoss dismisses investors with SEC’s negative stance highest in 10 years to the performance confidently from investing that you are holding told. Winklevoss is also responsible for the changes in the industry due to the decisions of the SEC. of the void bankrupt cryptocurrency exchange FTX and crypto-focused investment firm Grayscale’s GBTC fund by has been occupied implied. In addition, spot Bitcoin activities offshore relocation to jurisdictions is also a part of the SEC policies by the founder. results displayed as.
FTX, SEC’s inhibiting innovation policies being criticized regulations in many cases. to negative consequences given as an example GBTC fund by Winklevoss “toxic” described as. Winklevoss, GBTC with a high negative premium traded and received from investors exorbitant transaction fees drew attention.
In this context, the co-founder states that the SEC’s citizens’ restricting your financial life by taking actions go beyond the limits of jurisdiction in its place protect investors like their main duties capital formation if it will get easier suggested. In addition, the main tasks of the SEC focus on More for US investors positive It was also among the statements of the founding partner that it would bring results.
The SEC recently fidelity And BlackRock’s spot Bitcoin ETFs from many asset management companies, including your application enough clear and comprehensive to inform they didn’t on the grounds had refused.