kaal:claim:2998033-012

The SEC's denial of the Winklevoss Bitcoin exchange traded fund on grounds of susceptibility to fraud reflects the agency's distrust of the crypto asset class as a whole, and especially of funds that trade digital currencies.

Source quote, verbatim

The SEC's decision regarding the Bitcoin ETF reflects its distrust towards the crypto asset class as a whole, especially funds attempting to trade digital currencies.

From

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017), II.5. Regulatory Implications, p. 16
https://ssrn.com/abstract=2998033 · source PDF

Cite as

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

Classification

empiricalsupport: arguedsecurities-lawtokenomicsreputation

Related claims

restated_by kaal:claim:3411110-028 The SEC's rejection of the Winklevoss Bitcoin ETF, reasoned on Bitcoin's unregulated nature and susceptibility...
restated_by kaal:claim:3002908-012 The SEC rejected the Winklevoss Bitcoin ETF application on the ground that the unregulated nature of Bitcoin m...

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