The cryptocurrency market has been focused on whether the US Securities and Exchange Commission (SEC) will approve one of the applications for a Bitcoin Exchange-Traded Fund (ETF). However, former SEC employee John Reed Stark, who previously worked as an attorney at the federal regulatory agency, expressed his opinion that the possibility of such approval is extremely low or unlikely. “Low or Nonexistent” Stark, in a lengthy evaluation post on his personal account, claimed that the federal regulatory agency’s likelihood of approving a spot Bitcoin ETF is low or definitively impossible, citing new evidence alleging that the cryptocurrency market is riddled with fraud. The post Former SEC Employee: Low Possibility of SEC Approving a Bitcoin ETF appeared first on COINTURK NEWS.
