Ripple advocate Jeremy Hogan has shared his take on rumors that SEC does not intend to get court's ruling on Grayscale ETF reviewed
, the American Securities and Exchange Commission regulator does not intend to make an appeal regarding the recent court ruling in regard of Grayscale's Bitcoin spot ETF filing with the SEC. The article cites sources close to the matter.In August, the federal court ruled that the SEC was wrong to reject Grayscale's filing without even considering it and forcing the regulator to do what Grayscale expected of it. The deadline for announcing the SEC decision was Friday midnight.
You will probably make a LOT of money soon , but whatever remained pure and true about Bitcoin will soon be gone.Hogan did not provide any explanation as to what he meant by saying that. However, it is possible that he was talking about the initial plan of Satoshi Nakamoto, who launched Bitcoin in 2009, of BTC to be decentralized digital money, which is about to be completely ignored now as BTC is being turned into just yet another investment tool for Wall Street firms.
Companies like BlackRock and Fidelity do not care about decentralized currencies, they are happy with the traditional banking system and the system of fiat currencies, which Bitcoin was created to fight in the first place. Satoshi Nakamoto created Bitcoin after the mortgage crisis of 2008-2009 to help the world avoid them in the future.
A major XRP-supporting account @XRPcryptowolf also commented on the SEC's decision, asking why the regulator has let the Grayscale decision go unappealed but continues to appeal the court's decision on Ripple and XRP. The SEC's chair Gary Gensler insists that Bitcoin is the only commodity on the crypto market, while the rest of the crypto are nothing but unregistered securities since they have a team of creators and investors expect future profits from altcoins when buying them.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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