The Securities and Exchange Commission sees the bitcoin market as threatened with manipulation, if it isn’t already. The repercussions of their view could affect cryptocurrencies for years to come if the door is closed on billions of institutional dollars piling into crypto. For a second time, the SEC shot down a bid by the Bats BZX Exchange and the Winkelvi-backed Gemini Exchange to launch a bitcoin-based ETF, which was first submitted to the securities regulators a couple of years ago. The proposed ETF was one of several that have been trying to get the blessing of the SEC. While headlines focused on the Winklevoss brothers getting rejected by the SEC…
Blockchain and Cryptocurrency: People, Culture and Tech