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SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatile
best.millionbitcoin.net � crypto � /02/07 � sec-prometheum-ethereum-broker-de. After the approval of the bitcoin ETF, the price of Ethereum cryptocurrency ether rose on hopes the SEC might green light an ETH ETF. As bitcoin sank 5% upon realization that the SEC's post wasn't legitimate, ether did the exact opposite, rising 6% from $2, to $2,

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Founded by two brothers, Aaron and Benjamin Kaplan, Prometheum received regulatory approval in to operate an alternative trading platform�similar to a stock exchange�where users can buy and sell different securities. After the ETF decision, Gensler issued a statement in which he called bitcoin "speculative" and said it could be used for "illicit" purposes. Already have an account? Freeman Law is dedicated to staying at the forefront as these emerging technologies continue to revolutionize social and economic activities. In response, companies like Coinbase have argued that the existing rules are outdated.