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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (171290)	5/10/2021 9:29:01 PM
From: TobagoJack	Respond to of 219714

Re <<crypto>> Gensler, together w/ Capitol Hill, is holding up the show, which is a positive, giving more a chance to aggregate more, longer, at reasonable pricing, before Bitgold is sold in standard denomination of Satoshi bloomberg.com Bitcoin ETF Approval Odds Grow Longer After Gensler Critique Katherine Greifeld 11 May 2021, 02:06 GMT+8 At least nine new U.S. crypto ETF filings stoked optimism regulatory approval was close. Wall Street’s top cop all but doused it with a string of comments last week. Freshly sworn-in Securities and Exchange Commission Chairman Gary Gensler told Congress that the cryptocurrency market “could benefit from greater investor protection,” signaling that a long-stated prerequisite for SEC oversight of the industry has not been met. He also urged lawmakers give the agency regulatory authority over trading venues, a stance he reiterated in a CNBC interview Friday. Gensler’s comments were likely an unwelcome reality check for crypto and ETF enthusiasts alike. Bitcoin ETF approval was being touted by many industry boosters as a nearly sure-thing in 2021, amid new SEC leadership, Wall Street’s growing crypto embrace and the launch of similar funds in Canada. However, Gensler’s skeptical remarks and a hefty regulatory to-do list has some experts pushing out the potential time line. “The SEC has made their priorities clear, and vetting crypto ETFs is not one of them,” said Ben Johnson, Morningstar Inc.’s global director of ETF research. “Given that the SEC has bigger fish to fry, and taking Gensler’s recent remarks regarding crypto ETFs into account, I think the odds we’ll see a Bitcoin ETF approved in 2021 are very low.” Efforts have been underway for nearly a decade to get a Bitcoin ETF launched stateside. U.S. regulators have rejected every application since the first was filed in 2013, citing concerns about manipulation and criminal activity. Nevertheless, a raft of crypto ETF applications have been filed this year. Advocates predicted Gensler would prove more open-minded toward the structure than his predecessor Jay Clayton, given that he once taught a class at MIT’s Sloan School of Management called “Blockchain and Money.” However, the SEC under Gensler’s leadership has punted its deadline to make a decision once already, and the chair’s scrutiny of crypto exchanges suggests the agency is proceeding cautiously. Trading disruptions are relatively run-of-the-mill in the crypto sphere, where trading hubs are lightly regulated relative to traditional exchanges. “SEC concerns over fraud and manipulation in the Bitcoin spot market have been the primary roadblock for a Bitcoin ETF approval,” said Nate Geraci, president of the ETF Store, an advisory firm. “If Gensler isn’t yet fully comfortable with crypto exchanges, it’s highly unlikely he would bless a Bitcoin ETF.” The SEC didn’t immediately respond to a request for comment. Bitcoin, the world’s largest cryptocurrency, has doubled so far in 2021 after climbing over 300% last year. A recent rally in so-called alt-coins have put those gains to shame -- Ether is roughly 460% higher year-to-date, while Dogecoin, the joke cryptocurrency that’s found new life as an internet meme, has surged more than 16,000% in the past year, according to CoinGecko. Three Bitcoin ETF filings have been acknowledged by the SEC, meaning it has a limited amount of time to either approve or reject the proposals. However, with Gensler’s recent remarks in mind, it’s unlikely that any of those filings will be given the green light in their current form, according to Dave Nadig, the chief investment officer at data provider ETF Trends. “There’s zero chance any existing filing goes through with no modifications whatsoever. I’m still thinking this year, but honestly, who knows,” said Nadig. “It could be tomorrow or never.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Julius Wong who wrote (171290)

5/10/2021 9:32:00 PM

From: TobagoJack

Respond to of 219714

FTX is a leader in tokenising equity shares, along side of Biance, and together they stand good stance to tokenise NYSE, NASDAQ, HKEX, etc etc and pixelate goodness for easier 24/7 milling

bloomberg.com

Upstart Crypto Exchange FTX Surges Toward Top of Trading Ranks
Vildana Hajric
11 May 2021, 08:30 GMT+8
FTX, the digital-assets trading platform launched two years ago by Sam Bankman-Fried, said it handled enough volume last month to make it one of the largest crypto exchanges.

FTX posted more than $400 billion in trading volume in April, the firm said in a statement Monday. That amounts to about $14 billion per day and marks a 25-fold increase from the same period last year.

“Several years ago, we took a look at the state of the world’s crypto exchanges and identified a gap in the marketplace for a reliable and secure platform robust enough to meet the needs of institutional traders and other power users,” Bankman-Fried, the firm’s co-founder and chief executive officer, said in the statement. “Two years later, FTX has established itself as a leading crypto exchange offering innovative and industry-leading products.”

Read more:

Crypto Wunderkind’s Tokens Surge on Best-Performing List

The Ex-Jane Street Trader Who’s Building a Multi-Billion Crypto Empire

Bankman-Fried, 29, dove into crypto after finishing a three-year stint at the quantitative-trading firm Jane Street Capital and started Alameda Research, a trading company, in late 2017. FTX currently has around a million registered users, according to the release, though it is not available to U.S. residents.

— With assistance by Katherine Greifeld

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