SEC Staff Jumped The Gun On Bitcoin ETF

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Former White House communications director Anthony Scaramucci believes the drama across the unauthorized tweet concerning the approval of spot Bitcoin ETF is perhaps a case of one of many U.S. Securities and Exchange Commission’s (SEC) staff prematurely sharing the message. The episode meant the US SEC dealing with heavy criticism across the mistake that had ‘market moving’ potential.

Also Read: XRP ETF Filing To Come Within Weeks After Bitcoin ETF Approval?

Anthony Scaramucci: Gary Gensler Is Lying

Scaramucci stated that SEC Chair Gary Gensler was mendacity when he stated the company’s X account was compromised and the publish on ETF approval was unauthorized. He stated blaming the tweet on hacking was simply an extension of the “amateurish and dishonest nature of the current SEC leadership regime.” After Gensler said that the X account of SEC was compromised, Anthony Scaramucci said the SEC Chair was mendacity. He was positive that an SEC worker jumped the gun to share the announcement prematurely and that Gensler was blaming it on the tweet, which was “carefully worded and included a produced graphic.”

As many as 11 corporations, which incorporates Blackrock, Fidelity, Bitwise, Ark Invest, 21Shares, Grayscale and Valkyrie are awaiting the approval of the primary ever spot Bitcoin ETF within the United States. The joint ETF software by Ark Invest and 21Shares faces a deadline to determine whether or not to approve or deny the ETF, on January 10, 2024.

BTC Price Prediction

Interestingly, Scaramucci was one of many first to foretell the potential date for the SEC’s approval of Bitcoin ETF. On December 1, 2023, CoinGape reported his feedback that the approvals could also be coming as early as January 2024. He had additionally predicted earlier in 2022 that the BTC Price would attain half one million {dollars} in the long run.

Also Read: Bitcoin ETF Race Heats Up as Firms Reduce Fees in Final Push Before SEC Verdict