June 16, 2021
I sincerely hope the SEC approves this application just so they can have massive egg on their face when the DOJ/SDNY brings cases on the money laundering, wash trading and collusive practices amongst Bitfinex, Tether, Binance,Huobi, OkEx, FTX and other unregulated offshore exchanges.
The SEC and US govt deem wash trading illegal, but due to their Chickens41t Club VIP status, they ignore multiple academic research papers stating Wash Trading is 70% (Cong/Cornell et Al) - 90% (Pennec) of the entire Cryptocurrency market.
Why would the SEC not seek to pressure the US banking system, DOJ, OCC and others to completely cut off all of the colluding, market manipulating exchanges offshore? Because the SEC has been Chickens41t Club VIP since 2003. You can't even try to criminally charge companies committing clear fraud and just allow them to neither confirm or deny liability and pay a Chickens41t fine.
I look forward to your unresearched and uninformed approval of this ETF. I also look forward to the SEC denying any part in being able to prevent the financial impairmemt of millions of unsuspecting investors when the market collapses.
Please continue to do the job you are doing best, which is not regulating/charging/imprisoning large scale accounting fraud and corporate malfeasance. Instead please continue to go after the meaningless cases you don't have to work hard at.
Actually going after companies,preventing and shutting down frauds, getting the DOJ to do there job (#1 VIP of Chickens41t club) and many other hard tasks leaves less time for golf and surfing unapproved SEC websites.
Thanks for all the hard work letting the Golden Age of Fraud persist unperturbed, we are grateful for your service True American heros