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The solution here is likely to look something like "a federally regulated spot BTC/USD market with oversight similar to a DCM" serving as the market for a spot BTC ETF because: 1) SEC rejecting current spot ETFs 2) SEC allowing futures ETF b/c market has federal (CFTC) oversight

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Austerity Sucks

@austerity_sucks

Dec 30, 2021

more importantly: the ETF is -29% (since Oct 19th) spot BTC/USD is -23% since the same date twitter.com/frxresearch/st…

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4:01 PM · Dec 30, 2021Twitter Web App

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FTT is a sleeping coin , some news on ftx, credit card , staking on the FTT ? hurry up boy

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Agreed because this whole notion by some crypto enthusiasts that the industry can proceed without centralized regulation overseen by US authorities is naive in my opinion.

FLIPKARTEL | shoppsNFT

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No feds

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So is that good or bad? Are we wanting a spot etf no matter what?

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So the gov is gonna halt trading when #BTC moves more than 5% either way?

GIF

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ALT

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Yep, market surveillance plus aml kyc spit markets possibly globally not just US. This is Archax

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It was ponzi aliens

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Physical gold, silver and many other commodities don’t have federally regulated spot markets yet have physical ETPs based on them. It’s arbitrary and unreasonable to hold Bitcoin/crypto to a different and undefined standard. Regulators are just holding the industry hostage.