SEC Staff Rushes to Bitcoin ETF
Former White House communications director Anthony Scaramucci believes the drama around the unauthorized tweet regarding the approval of the spot Bitcoin ETF may have something to do with a U.S. Securities and Exchange Commission (SEC) employee sharing the message prematurely. This incident meant that the US SEC faced heavy criticism for the error, which had the potential to ‘move the market’.
So read: Will XRP ETF Application Arrive Within Weeks After Bitcoin ETF Approval?
Anthony Scaramucci: Gary Gensler Is Lying
Scaramucci said that SEC Chairman Gary Gensler lied when he said that the agency’s X account had been compromised and that the sharing regarding the ETF approval was unauthorized. He said blaming the tweet on hacking was an extension of the “unprofessional and dishonest nature of the current SEC leadership regime.” Anthony Scaramucci after Gensler’s SEC announcement that account X was compromised aforementioned The SEC Chairman was lying. He was confident that an SEC employee had rushed to share the announcement prematurely and that Gensler blamed it on the tweet, which “contained a carefully worded and manufactured graphic.”
As many as 11 companies, including Blackrock, Fidelity, Bitwise, Ark Invest, 21Shares, Grayscale and Valkyrie, are awaiting approval of the first spot Bitcoin ETF in the United States. Ark Invest and 21Shares’ joint ETF application faces a January 10, 2024 deadline to decide whether the ETF will be approved.
BTC Price Prediction
Interestingly, Scaramucci was one of the first to predict the possible date for the SEC’s Bitcoin ETF approval. On December 1, 2023, CoinGape commented that approvals could come as early as January 2024. He also predicted that the BTC Price would reach half a million dollars in the long run in early 2022.
So read: Bitcoin ETF Race Heats Up as Firms Cut Fees in Last Step Before SEC Decision
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Anvesh reports important crypto updates regarding US regulations and market moving trends. Over 1,200 articles on crypto and blockchain have been published so far. I proudly left the University of Massachusetts at Lowell. It can be reached at: [email protected] or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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