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SEC approval of Bitcoin ETFs 'inevitable', says former chairman
The approval of Bitcoin ETFs in the United States is "inevitable", according to former Securities and Exchange Commission (SEC) chairman Jay Clayton.
#BitcoinETF💰💰💰 #BTC!💰 $BTC
In an interview with CNBC on Monday, Clayton said that the SEC is "comfortable" with the release of Bitcoin ETFs from companies such as BlackRock and Fidelity. He added that the dynamic of the cryptocurrency market has improved in recent years, making it less likely that an ETF would be manipulated or used for fraud.
"I think the approval is inevitable," Clayton said. "There's not much more to be decided."
The SEC has denied all previous applications for Bitcoin ETFs, citing concerns about market manipulation and fraud. However, Clayton said that the agency's concerns have been addressed by the development of new infrastructure to custody and protect Bitcoin.
"The infrastructure has improved," Clayton said. "The market is better understood. And I think the SEC is comfortable with the release of these products."
Clayton's comments come as a number of companies have filed applications for Bitcoin ETFs with the SEC. The agency is expected to make a decision on at least one of these applications by January 10.
Conclusion:
The approval of Bitcoin ETFs would be a major milestone for the cryptocurrency industry. It would make it easier for investors to access Bitcoin, and it could lead to increased institutional investment in the cryptocurrency.
$BTC $ETH 🔥
#BitcoinETF💰💰💰 #BTC!💰 $BTC
In an interview with CNBC on Monday, Clayton said that the SEC is "comfortable" with the release of Bitcoin ETFs from companies such as BlackRock and Fidelity. He added that the dynamic of the cryptocurrency market has improved in recent years, making it less likely that an ETF would be manipulated or used for fraud.
"I think the approval is inevitable," Clayton said. "There's not much more to be decided."
The SEC has denied all previous applications for Bitcoin ETFs, citing concerns about market manipulation and fraud. However, Clayton said that the agency's concerns have been addressed by the development of new infrastructure to custody and protect Bitcoin.
"The infrastructure has improved," Clayton said. "The market is better understood. And I think the SEC is comfortable with the release of these products."
Clayton's comments come as a number of companies have filed applications for Bitcoin ETFs with the SEC. The agency is expected to make a decision on at least one of these applications by January 10.
Conclusion:
The approval of Bitcoin ETFs would be a major milestone for the cryptocurrency industry. It would make it easier for investors to access Bitcoin, and it could lead to increased institutional investment in the cryptocurrency.
$BTC $ETH 🔥
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Ordi (ORDI): Cryptocurrency with the potential to revolutionize
#ORDI The Ordi cryptocurrency (ORDI) has shown exponential growth in 2024, with an appreciation of more than 200% since the beginning of the year. The ORDI token, which has a total supply of 21 million, is currently trading at $69.03.$ORDI Ordi's potential is enormous. The currency is based on blockchain technology, which offers a number of advantages over traditional payment systems. Ordi is also well positioned to take advantage of the growing adoption of cryptocurrencies as a means of payment. Here are some specific examples of how Ordi can revolutionize the payments market: Security: Blockchain technology uses cryptography to ensure the security of transactions. This makes cryptocurrencies more secure than traditional currencies, which are vulnerable to fraud and theft. Efficiency: Cryptocurrency transactions are processed in a decentralized way, which makes them more efficient than traditional transactions, which are processed by financial institutions centralized.Decentralization: Blockchain technology is decentralized, which means there is no central authority that controls the system. This makes cryptocurrencies more resistant to censorship and manipulation. Ordi is still a new coin, but it has the potential to become one of the world's leading cryptocurrencies. The exponential growth that the currency has shown in 2024 is a clear sign of its potential. Conclusion: Ordi is a cryptocurrency with the potential to revolutionize the payments market. The currency is based on blockchain technology, which offers a number of advantages over traditional payment systems. Ordi is also well positioned to take advantage of the growing adoption of cryptocurrencies as a means of payment.#cryptonews #cryptoeducation #cryptomarket #cryptoinclusion
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🚨🚨 SEC WARNING on FOMO Casts Shadow on Impending Bitcoin ETF Decision
#BTC #BTC🔥🔥
As anticipation mounts for the U.S. Securities and Exchange Commission's (SEC) decision on spot Bitcoin ETFs, the regulator's reissuance of a blunt warning against FOMO-driven cryptocurrency investing has fueled concerns that a potential delay could be in the offing. on the horizon.
$BTC $ETH
The SEC's OIEA (Office of Investor Education and Advocacy) republished its "Say No to FOMO" blog post on its X (formerly Twitter) account on January 6, 2024, reinforcing the risks inherent in digital assets, including meme stocks , cryptocurrencies and non-fungible tokens (NFTs).
The SEC's recent warning specifically addressed the influence of celebrities and athletes in promoting crypto assets. He warned investors against making financial decisions based solely on endorsements from these popular figures, highlighting the susceptibility to manipulation and misrepresentation.
"You may see your favorite athlete, artist or social media influencer promoting this type of investment opportunity," the SEC stated. "While it may be tempting, never decide to invest based solely on their recommendation."
"trends and influencers". He warned investors that while these assets may initially appear attractive, their prices could quickly plummet as market dynamics evolve.
"How would you feel if your investment lost 20, 30 or even 50% in a single day?" the SEC asked its readers.
Meanwhile, the SEC's latest warning serves as a blunt reminder of the risks associated with investing in cryptocurrencies, particularly for impulsive investors driven by FOMO. Investors are advised to conduct thorough research, carefully evaluate their risk tolerance and make informed investment decisions based on their own financial objectives and risk appetite.
#BTC #BTC🔥🔥
As anticipation mounts for the U.S. Securities and Exchange Commission's (SEC) decision on spot Bitcoin ETFs, the regulator's reissuance of a blunt warning against FOMO-driven cryptocurrency investing has fueled concerns that a potential delay could be in the offing. on the horizon.
$BTC $ETH
The SEC's OIEA (Office of Investor Education and Advocacy) republished its "Say No to FOMO" blog post on its X (formerly Twitter) account on January 6, 2024, reinforcing the risks inherent in digital assets, including meme stocks , cryptocurrencies and non-fungible tokens (NFTs).
The SEC's recent warning specifically addressed the influence of celebrities and athletes in promoting crypto assets. He warned investors against making financial decisions based solely on endorsements from these popular figures, highlighting the susceptibility to manipulation and misrepresentation.
"You may see your favorite athlete, artist or social media influencer promoting this type of investment opportunity," the SEC stated. "While it may be tempting, never decide to invest based solely on their recommendation."
"trends and influencers". He warned investors that while these assets may initially appear attractive, their prices could quickly plummet as market dynamics evolve.
"How would you feel if your investment lost 20, 30 or even 50% in a single day?" the SEC asked its readers.
Meanwhile, the SEC's latest warning serves as a blunt reminder of the risks associated with investing in cryptocurrencies, particularly for impulsive investors driven by FOMO. Investors are advised to conduct thorough research, carefully evaluate their risk tolerance and make informed investment decisions based on their own financial objectives and risk appetite.
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More than 2,000% increase in Shiba Inu (SHIB) burn rate reduces circulating supply by 53.5 m
The sharp increase in Shiba Inu's (SHIB) burn rate has removed a staggering 53.5 million tokens from circulation, reflecting the meme coin's commitment to long-term growth and sustainability. Burning, which consists of removing tokens from circulation, makes the supply of SHIB more scarce, potentially increasing its value.
#SHIB💥 #shibanews
The move to automated burning, which was previously carried out manually, speeds up the process and ensures a more consistent and sustainable removal of tokens from circulation. Santiment blockchain data reveals a steady decrease in the supply of SHIB on exchanges over the last month, indicating that investors are accumulating and holding SHIB rather than actively trading it. Additionally, the average age of SHIB coins reversed its previous downtrend in December, suggesting that long-term holders are taking advantage of opportunities to buy SHIB during market dips.
#SHIB💥 #shibanews
The move to automated burning, which was previously carried out manually, speeds up the process and ensures a more consistent and sustainable removal of tokens from circulation. Santiment blockchain data reveals a steady decrease in the supply of SHIB on exchanges over the last month, indicating that investors are accumulating and holding SHIB rather than actively trading it. Additionally, the average age of SHIB coins reversed its previous downtrend in December, suggesting that long-term holders are taking advantage of opportunities to buy SHIB during market dips.
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The crypto market eagerly awaits the US Securities and Exchange Commission's (SEC) decision on spot Bitcoin ETF applications.
#BTC
The deadline for approving ETF applications expires on January 10, 2024, but the SEC has not yet announced its decision.
The approval of a spot Bitcoin ETF would be an important milestone for the crypto market. A spot Bitcoin ETF would allow investors to buy and sell Bitcoin directly on an exchange, which would make the digital currency more accessible to a wider audience.
The approval of a Bitcoin ETF would also increase institutional investors' confidence in the crypto market. Institutional investors, such as hedge funds and pension funds, have been cautious about investing in crypto assets due to market volatility.
The crypto market is confident that the SEC will approve at least one Bitcoin ETF. Bloomberg Intelligence estimates that the Bitcoin ETF market could reach $100 billion by 2025 if the SEC approves a spot Bitcoin ETF.
$BTC
#BTC
The deadline for approving ETF applications expires on January 10, 2024, but the SEC has not yet announced its decision.
The approval of a spot Bitcoin ETF would be an important milestone for the crypto market. A spot Bitcoin ETF would allow investors to buy and sell Bitcoin directly on an exchange, which would make the digital currency more accessible to a wider audience.
The approval of a Bitcoin ETF would also increase institutional investors' confidence in the crypto market. Institutional investors, such as hedge funds and pension funds, have been cautious about investing in crypto assets due to market volatility.
The crypto market is confident that the SEC will approve at least one Bitcoin ETF. Bloomberg Intelligence estimates that the Bitcoin ETF market could reach $100 billion by 2025 if the SEC approves a spot Bitcoin ETF.
$BTC
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