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SEC opens to comments on whether to approve VanEck Bitcoin ETF

Published 06/16/2021, 06:06 PM
Updated 06/16/2021, 07:40 PM
SEC opens to comments on whether to approve VanEck Bitcoin ETF

The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset manager VanEck.

According to a Wednesday filing from the SEC, the regulatory body has not yet reached a decision on whether to approve or disapprove of VanEck’s Bitcoin exchange-traded fund, or ETF, but “seeks and encourages interested persons to provide comments” on the proposal. Specifically, the commission is asking the public to consider whether they believe the Bitcoin ETF would be susceptible to manipulation and designed to prevent fraudulent and manipulative acts and practices.

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Latest comments

I think the SEC knows which rules are allowed and which are not. Why should you ask the public? If crypto is claimed to be money, just create a crypto bank. Banks and Exchangers of course have differences. So that the bank can print money, it must have a collateral. Like HSBC BANK and STANCHART printing HKD money. And it can be used as legal tender. And of course it has the same rules as the international regulations applied by the World Bank and IMF.
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