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 <h2 id="can-sec-turn-the-tables-with-bitcoin-etf">Can SEC Turn the Tables with Bitcoin ETF</h2> 
 <p><span style="font-weight: 400;">Until now, the US SEC </span><span style="font-weight: 400;">reluctance</span><span style="font-weight: 400;"> to approve spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s has been based on concerns over the lax regulation of crypto exchanges like Coinbase. The regulatory agency already sanctions ETFs that track Bitcoin futures on the Chicago Mercantile Exchange (CME), a regulated entity.&nbsp;</span></p>  
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 <p><span style="font-weight: 400;">The insistence on CME-regulated futures over spot market ETFs has left many in the industry puzzled. One proposed solution would be for the SEC to allow spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s on the condition that involved exchanges adhere to the same rigorous standards that CME and other traditional exchanges follow.</span></p> 
 <h2 id="b-an-opportunity-for-us-sec-b"><b>An Opportunity for US SEC</b></h2>  
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 <p><span style="font-weight: 400;">The SEC’s stance also highlights a greater issue: the disjointed regulatory landscape of cryptocurrencies. At present, Bitcoin, classified as a commodity, falls under the oversight of the Commodity Futures Trading Commission (</span><span style="font-weight: 400;">CFTC</span><span style="font-weight: 400;">) for futures but lacks thorough regulation for spot trading.&nbsp;</span></p> 
 <blockquote> 
  <p><span style="font-weight: 400;">By setting conditions for the approval of spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s, the SEC can play a critical role in establishing more consistent standards across the crypto space. This move would bring much-needed regulation and lay the groundwork for how other cryptocurrencies might be governed.</span></p>  
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 </blockquote> 
 <p><span style="font-weight: 400;">Skeptics of </span><span style="font-weight: 400;">Bitcoin</span><span style="font-weight: 400;"> point to its extreme volatility, high transaction costs, and environmental impact as cautionary flags. However, the regulatory role isn’t to prevent lousy investment decisions but to ensure a fair and transparent market. By approving spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s under stringent conditions, the SEC would enable investors to take calculated risks without fear of malpractice or fraud.</span></p> 
 <p><span style="font-weight: 400;">The recent legal defeat could catalyze a new, more effective regulatory strategy. It’s a chance to protect investors, ensure market integrity, and encourage responsible innovation, all at the same time.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-can-turn-grayscale-loss-into-a-win-bloomberg-report-tbt61784.html">https://thebittimes.com/sec-can-turn-grayscale-loss-into-a-win-bloomberg-report-tbt61784.html</a></p>

SEC Can Turn Grayscale Loss Into A Win: Bloomberg Report

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