Crypto Continues Its Pushback on Washington D.C.
The Breakdown
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The SEC Says Spot Bitcoin ETF Filings Are Inadequate
A Wall Street Journal headline shook Bitcoin markets saying, SEC says spot Bitcoin ETF filings are inadequate. Seemingly on the headline alone, Bitcoin crashed by more than 3% and crypto Twitter was sent into a frenzy. But as those details became clear, it looked less like a typical SEC rug pull and more of a request for clarification that could actually easily be dealt with by updating applications.
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