Cofounder #Gemini – Cameron Winklevoss expressed his disappointment with the regulator #HoaKỳ for refusing #ETFBitcoin .

The United States Continuously Rejects Bitcoin ETFs

#SEC continually refusing to approve products is a disastrous outcome for US investors.

Winklevoss claims that the SEC is not only denying investors access to the best-performing assets of the past decade, but is also pushing them towards risky alternatives like the Grayscale Bitcoin Trust (GBTC). This is a platform famous for its trading discounts and exorbitant fees.

The SEC unintentionally promoted offshore bitcoin spot trading activities. It takes place in uncontrolled locations. This indirectly puts investors in a dangerous place. A typical example is FTX - one of the most terrible financial scams recently.

Winklevoss called on the SEC to reevaluate its review and focus on protecting investors. The SEC should promote fair markets and facilitate capital formation. He believes a different approach could yield more favorable results for investors.

Cryptocurrency community's reaction to the SEC

One individual asked about the impact of the recent ETF filings by BlackRock and Fidelity. Experts say the emergence of such heavyweights in the crypto investment scene promises to potentially change the dynamics around ETFs .

Aaron Carroll –  The CEO of Dexani.io added a bit of irony to the situation. Carroll mocked Gary Gensler's statement: “The law is clear.”

Carroll's playful eye-rolling emoji highlighted the irony: a decade has passed but the long-awaited Bitcoin ETF remains elusive, despite regulatory clarity.