The Chamber of Digital Commerce has declared its support for a Bitcoin (BTC) ETF spot in the United States. In the report titled The Crypto Conundrum, the organization does not mince words as they ask why the SEC is refusing to approve a Bitcoin ETF.
The Chambers representatives claim that all of the SECs requirements have been met, but a Bitcoin ETF is still as far away from approval as it was when the Winklevoss twins first requested it back in 2013.
The Chamber argues that capital which could have been invested in the United States has instead been deployed in other, more innovative countries. These other advanced economies, including Sweden, Switzerland, Germany, Canada, and Australia, have already approved Bitcoin ETFs. More importantly, there were no reported instances of hacking or theft in these countries, as well as no indications of market manipulation either.
The Chamber of Digital Commerce is a trade association that represents the blockchain technology ecosystem. Its purpose is to advance digital assets and blockchain technologies mainstream acceptance and usage. Despite its title though, it is not a governmental institution.
Chamber Of Digital Commerce Declares Its Support For A Bitcoin (BTC) ETF
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
April 25,2024
Solana Community Looks Forward To Much Needed Update
April 25,2024
Bitcoin Makes History By Becoming The Scarcest Asset In The World
April 24,2024
HBAR Skyrockets After BlackRock Successfully Tokenizes MMF On Hedera
April 24,2024
Jack Dorsey Will Tap Into Africa For New Bitcoin Mining Initiative
April 23,2024
12 Solana Meme Coin Projects Listed As Scams By ZachXBT
April 23,2024
Drama At The SEC As Two Lawyers Accused Of Cheating In Crypto Case
April 22,2024
Crypto Community Highly Concerned About Section 702 Renewal
April 22,2024
Adidas Remains Committed To NFTs Despite Lack Of Institutional Interest
April 22,2024
Web3 Fundraising Deals - April 16th To April 22nd, 2024
April 21,2024
Bitcoin Stabilizes Post-Halving As Geopolitical Tensions Intensify
April 20,2024
The 2024 Bitcoin Halving Has Successfully Been Completed
April 19,2024