BREAKING: Congress Pushes SEC for Spot BITCOIN ETF Approval! (Gensler UNDER PRESSURE!)
Kevin Roper
3 min read
As I delve into the latest developments in the cryptocurrency space, it’s both frustrating and intriguing to witness the SEC’s continued reluctance to approve spot Bitcoin ETFs despite mounting pressure from Congress and recent court decisions. The bipartisan letter urging the SEC chair to act swiftly highlights the inconsistency and, some might argue, the detrimental nature of their current stance. This bureaucratic back-and-forth can indeed be disheartening, giving rise to skepticism that anything substantial will change.
Yet, amidst this exasperation, I can’t help but remain cautiously optimistic. Observing the broader context of crypto cycles and the potential for regulatory wins to align with significant market events, like the upcoming halving, keeps me hopeful. While the path forward may seem mired in delays and non-answers, I believe that eventually, the crypto industry will secure these regulatory victories that will be pivotal for its growth. Your thoughts on these unfolding events are invaluable, so please share them in the comments, and if you haven’t already, consider subscribing and liking to show your support in these challenging times for crypto enthusiasts.
Oversight of the SEC – https://www.youtube.com/watch?v=gzhmi10nNN4
Grayscale news – https://www.reuters.com/business/finance/grayscale-urges-us-sec-approve-spot-bitcoin-etf-following-court-victory-2023-09-05/#:~:text=A%20three%2Djudge%20panel%20of,price%20of%20bitcoin%20nearly%207%25.
SEC pushed Bitcoin ETF deadline – https://cointelegraph.com/news/sec-pushes-deadline-ark-21shares-spot-bitcoin-etf
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A blind monkey can see Gary Gensler and the SEC are the Crooks in Crypto.
Everybody needs protection from Gary 'noncompliant' Gensler and the SEC.
This is what Gensler wants, an out, as he is being pushed to approve. Therefore, it's not me(Gary) it was them(Congress).
Cardano & BTC ❤
I think it will be the same old same old so unless congress can get rid of him or over ride him then nothing will change.
Nice man good 👍 content U very patient and U pull us thrue.
The only thing the SEC wants to protect people from is making money.
The bear market has been going on way too long.. everyone is itching for the bull run, trust me, even October will see some positive action.
How are ETF’s going to buy Bitcoin without pumping the price? They won’t be able to avoid the pump.
I’m in Australia & we have a Spot BTC ETF here slready.. “C’mon Gary” he,he,he (Oh yeah: they just installed a Bitcoin ATM at my local corner store too)
Gary has to be one of the most hated men in America, right behind JB.
Gary is only waiting for Dems to take the house which is likely to happen. The only wild card is the presidency, which is currently keeping Gary employed. Gary Gensler is 100% the reason why I'm not voting Democrat.
BI T COINNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNÑNNNNNNNNN!!!!
GAAAAAARYYYY, are you there?
When someone won't explain their behavior, it's often because of corruption.
Gensler, like corrupt Joe Biden and the liar Garland, needs to go!
WALL STREET MEMES TOKEN IS GOING PARABOLIC! 25K holders in 12 hours!!!
0xb62e45c3df611dce236a6ddc7a493d79f
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I don't understand the push for a Spot ETF. The reasoning is all the grandpas and grandmas are able to get exposure.
But the truth is no one from that demographics asks for this. And everyone else who is pushing for it is also promoting self-custody
Lets put it this way… Gary Gensler hasn't approved any Bitcoin ETF's cause his handlers won't allow him to… can anyone say — banker friends… Gensler is a piece of shi*… also Most people are watching which companies will get the first Bitcoin ETF… (bet it will be friends of Jamie Diamond/Goldman first)
just wait untill SBF FTX trisl begins, i’m sure gary’s name is going to be mentioned, if he is involved in some ilegal activities that should be enough to kick him out but even if he some way survives then i’m sure he will be gone after the next elections after we shuffle all the scum bags out
Annnnnnnnnnnmd Gary said no!!
One thing is for sure, BTC ETF is coming up soon, Bull run can't be stopped.
Good work! ETF inbound sooooon.
Sec is bleeding every U.S. crypto investor .. great new leveraged platforms for long short strategies.. not allowed in the U.S. , great innovation in defi.. looming not in the U.S.
If the cftc and the sec dont get on the same page soon the U.S. will regulate itself right out of the global leader of financial markets
If they actually made some positive moves and leveled the playing field world wide .. the U.S. could remain relevant in capital raising and developer talent
Instead, we continue to see kicking the can down the road.. talent leaving.. retail unable to properly hedge and institutional funds with short positions in derivatives and futures sweat every investors entry price since late 2020
Enough already.. let the most secure decentralized chains innovate
And give Americans the same opportunity investor worldwide enjoy
Correctamundo @cryptoeejit
Call me crazy – I want them to stall until 1Q 2024. there will be bad news ahead for the economy and risk assets, so a short term pump now would result in disappointment. Do it in 2024 and add it to the halving…. major bullish… and it gives me more time to fill my bags.
Thank you for sharing the news ! God bless all us ! Enjoy the night!!
The SEC postponed their decision on ARK and Blackrock Spot ETF to November . After the Congress men demands!
I get the same feeling every time
I agree with your sentiments. They cant stall forever. US financial system fighting to hold onto power.