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The SEC's Role in the Bitcoin Market
The 1934 act is really what how Congress designated how the SEC should operate. The SEC is very clearly a disclosure regulator, meaning companies are required to make specific disclosures with respect to regulated products. They are going to bring to market the SEC has authority over that process but they are not supposed to pick the winners and the losers. That's what merit regulators do. And so we're helping Congress get to the bottom of that and to support bringing a spot Bitcoin ETF to market as soon as possible.