[HN Gopher] SEC Statement on the Approval of Spot Bitcoin Exchan...
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       SEC Statement on the Approval of Spot Bitcoin Exchange-Traded
       Products
        
       Author : dcope
       Score  : 16 points
       Date   : 2024-01-10 21:33 UTC (1 hours ago)
        
 (HTM) web link (www.sec.gov)
 (TXT) w3m dump (www.sec.gov)
        
       | mikeodds wrote:
       | Fantastic quote:
       | 
       | Though we're merit neutral, I'd note that the underlying assets
       | in the metals ETPs have consumer and industrial uses, while in
       | contrast bitcoin is primarily a speculative, volatile asset
       | that's also used for illicit activity including ransomware,[4]
       | money laundering,[5] sanction evasion,[6] and terrorist
       | financing.[7]
       | 
       | To poke a nest, which other assets are used for the
       | aforementioned activities
        
         | isubkhankulov wrote:
         | Paper money and gold through the hawala networks. Both have
         | ETFs.
        
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       (page generated 2024-01-10 23:01 UTC)