According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said:
What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation. It’s an issue that needs to be addressed before I would be comfortable.
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I guess this means the price will start dropping again. It's good that they want to protect the market from manipulations, but this frequent news about etc approval is getting to be manipulation itself
We need a bit more description regarding this matter about the No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman
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