Ripple (XRP) supporter lawyer Fred Rispoli made remarkable statements regarding the spot Bitcoin exchange traded fund (ETF) process.
Fred Rispoli social media dated December 27 by sharing drew attention. Rispoli SEC January 10, 2024 until spot Bitcoin ETF while they have time to approve their applications. followed a complex policy to stall companies he stated.
As a result of this policy, in the future BlackRock And Fidelity The experienced name stated that there may be major objections from companies such as “transacting with cash” He argued that the title was a dangerous topic:
This is a move the SEC implemented to avoid having to face an appeals court for not approving spot Bitcoin ETFs. This is the regulator’s best move.
Recently, many companies, upon the request of the SEC, have made regulations that allow spot ETFs to be traded not only in Bitcoin but also in cash. One of the last companies to make this regulation is Grayscale had happened.
Since the details regarding this article of the applications are not yet clear, the coming days will show what the results will be.