Jun. 04, 2022
It's perplexing why the SEC continues to reject a Bitcoin Spot ETF while nations across the globe have been approving them for years. Canada, Brazil, and most of Western Europe have spot ETFs listed on their exchanges, but the USA has continually refused to grant access to investors. The public deserves an explanation to this discrepancy. What about American exchanges are so radically different from Canada, Brazil, and Europe that it's dangerous to list a spot ETF here? Our government has said that the lack of a U.S. ETF listing is to protect investors. Inherent in that statement is the belief that several major Western nations are ignorant to the risks of Bitcoin. The SEC's use of this reasoning is an insult to our allies across the world. - Joseph Sweeney (Colorado)