Congressman Slams SEC for Rejecting Fidelity's Bitcoin ETF

1/27/2022 9:25:00 PM

Tom Emmer keeps pressing the SEC to approve a spot Bitcoin ETF

.RepTomEmmer has criticized SECGov for its “baseless” rejection of Fidelity’s spot Bitcoin ETF

Tom Emmer keeps pressing the SEC to approve a spot Bitcoin ETF

Another day, another baseless rejection of a Bitcoin spot ETF.— Tom Emmer (@RepTomEmmer)January 27, 2022Emmer, who’s known as one of the crypto-friendliest voices in US Congress, described the decision as “baseless.”The SEC has once again cited concerns related to fraud prevention and investor protection as the reason behind the rejection.

Last month, Fidelitya spot-based Bitcoin ETF in Canada. It is trading on the Toronto Stock Exchange.Canada became the first country in the world to approve a Bitcoin ETF in early 2021.Crypto Billionaire Backs New Democratic Super PACA slew of rejections

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RepTomEmmer SECGov Fidelity Well it seems there is no more room in SECGov for competitive cryptocurrency and new innovated companies because of a U.S. banana republic banking monopoly lawsuit. I wonder where we put that passport? Biggest crypto companies are outside the U.S. now as are the richest folk

SEC rejects Fidelity’s proposed spot Bitcoin ETFAnother spot bitcoin ETF proposal -- this time from investment giant Fidelity -- has been sidelined by the Securities and Exchange Commission.

SEC Rejects Fidelity’s Wise Origin Bitcoin ETF ProposalThe SECGov has rejected yet another proposal to list a spot bitcoin exchange-traded fund (ETF), this time from Fidelity By Tanzeel_Akhtar

SEC rejects Fidelity's proposed spot Bitcoin ETFAnother spot bitcoin ETF proposal -- this time from investment giant Fidelity -- has been sidelined by the Securities and Exchange Commission. Delaying the inevitable 🤡

SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3The SEC said it would push the deadline for approving the ARK 21Shares Bitcoin ETF for an additional 60 days, from Feb. 2 to April 3. All in 1_ Gaming+smarrNFT+Metaverse+marketplace= Altura One of the largest growing communities in crypto. See the chart and you will understand why you should invest in altura_nft marketplace smartNFTs ✓ Staking platform ✓ Metaverse ✓ Love how the haters still are crying scam and xrdoge continues to push forward and prove everyone wrong. It's so funny to watch. Wait for it to change direction then LAUNCH! xrdoge

Valkyrie Applied With the SEC to Launch a Bitcoin Miners ETFValkyrie has filed an application with the US SEC to launch an exchange-traded fund tracking the performance of BTC mining firms.

U.S. Bitcoin ETF Is Net Zero BitcoinWhile a U.S. Bitcoin ETF sounds good in theory, peek under the hood and investors will find a futures-based instrument riddled with contradictions that has very little to do with bitcoin anyway.

has criticized the U..By Jan 27, 2022 at 4:46 p.The SEC handed down its disapproval Thursday morning, according to a newly released filing.

S. Securities and Exchange Commission for shooting down a spot Bitcoin exchange-traded fund proposal that was filed by Fidelity’s Wise Origin Bitcoin Trust that was originally filed last March. Another day, another baseless rejection of a Bitcoin spot ETF.m. — Tom Emmer (@RepTomEmmer) January 27, 2022 Emmer, who’s known as one of the crypto-friendliest voices in US Congress, described the decision as “baseless.” The SEC has once again cited concerns related to fraud prevention and investor protection as the reason behind the rejection. Last week, the SEC.

Last month, Fidelity a spot-based Bitcoin ETF in Canada. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF), adding to the list of rejected applications. It is trading on the Toronto Stock Exchange. Canada became the first country in the world to approve a Bitcoin ETF in early 2021. Crypto Billionaire Backs New Democratic Super PAC A slew of rejections In November, Emmer and Democratic lawmaker Darren Soto sent a letter to SEC Chairman Gary Gensler, making a compelling case for approving a Bitcoin ETF. In December, the regulator. While the SEC greenlit the first futures-based Bitcoin ETF in October, the letter argues that spot-based ETFs are more efficient.

A week ago, the formidable regulator also rejected the spot Bitcoin ETF proposal that was put forward by SkyBridge Capital and First Trust. Valkyrie and Kryptoin’s attempt was cut short by the SEC in late December. During the same month, the SEC rejected WisdomTree's application. During the same month, the SEC denied WisdomTree's application. The agency is also widely expected to deny a proposal submitted by Stone Ridge subsidiary NYDIG.

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