SEC Announcement on Bitcoin ETF: Implications for Cryptocurrency Investing

2024-01-11 16:25:57

Published on January 11, 2024 at 5:25 p.m. / Modified on January 11, 2024 at 5:51 p.m.

“We have neither approved nor endorsed bitcoin.” By authorizing the placing on the market of the first bitcoin spot ETF on Wednesday, the policeman of American finance could equally have said that he continued to hate cryptocurrencies, but that he had no choice.

This announcement, eagerly awaited by financial circles, does not mean that the SEC will be more welcoming or conciliatory towards everything related to crypto. For the regulator, this type of assets attracts scammers of all kinds, which poses a risk for the general public. Ironically, the SEC itself was the victim of a scam a few hours before announcing its decision, having had its account on the social network X hacked.

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