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Bitcoin.com 2024-01-10 05:00:25

Former SEC Official Blasts Spot Bitcoin ETFs as Recipe for ‘Financial Ruin’

The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned about investing in spot bitcoin exchange-traded funds (ETFs), which the SEC is expected to approve on Wednesday. He cautioned that spot bitcoin applicants are “nothing more than an opportunistic cartel of fee-sucking billionaire financial behemoths who have the audacity to design and

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