SEC rejects Winklevoss proposal for Bitcoin ETF. Again ...

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The Securities and Exchange Commission rejected a second attempt by Gemini exchange founders Cameron and Tyler Winklevoss, to list shares of what would be the first-ever Bitcoin ETF. It voted the proposal down, 3-1 yesterday. This is the second time the SEC rejected an application from the twins for the "Winklevoss Bitcoin Trust". The Winklevoss Twins – the head executives of the Gemini Exchange in New York – believe that the price of bitcoin could potentially reach $500K in the coming future.The Winklevoss Twins Are Pushing BTC All Over AgainWhile they didn’t give a date regarding when people can expect the world’s number one cryptocurrency by market cap to reach this figure, they did say that with the current ... A little over a year later, the Winklevoss’ second attempt to list their Bitcoin ETF was again futile. On July 28, 2018, the SEC rejected the Winklevoss Bitcoin ETF for a second time, stating concern over potential market manipulation and a lack of trade transparency in the bitcoin sport market as the main reasons for the rejection. Winklevoss: Crypto Doesn’t Need Rules, But… It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their “fully regulated” Gemini exchange, their goal is to change the Wild West image of the fledgling industry that’s been plagued by exchange hacks, scams and fraudulent security offerings. Winklevoss twins Cameron and Tyler were again disappointed by Securities and Exchange Commission of the United States. SEC has explicitly rejected their proposal for the listing of the first ever Bitcoin ETF. The proposal was submitted in June and defeated in the vote whose tally was 3-1 by the commission. This is the second time […] The Securities and Exchange Commission (SEC) rejected a second attempt by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, to list the first-ever cryptocurrency ETF on a regulated exchange. The June proposal from BATS BZX Exchange to list and trade the Winklevoss Bitcoin Trust's commodity-based shares was voted down 3-1 by the commission Thursday.…

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Bitcoin Price Jumps, Massive Power Grab, Binance In China, Ripple + Santander & Games On Tezos

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