Should the US Securities and Exchange Commission approve an exchange-traded fund focused on the spot market for Bitcoin? The question has yet again gained relevance, thanks to the District of Columbia Court of Appeals, which last week reversed the SEC’s decision to reject a Bitcoin ETF proposed by Grayscale Investments.
The answer is yes: With a revised approach to the issue, the SEC could turn its loss into a win.
In the absence of action from Congress, regulators should do what they can to bring crypto into line without killing it off. Here’s an opportunity. People would still be free to lose their money on ill-considered bets. But they’d be much less likely to get ripped off along the way.
‘Enforcement 40’ for 2020
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