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Crypto bot trading, pump and dumps and why ETFs aren't coming to crypto anytime soon.

"Jay Clayton, the Chairman of the SEC, has spoken often about concerns in the crypto space that make him feel uncomfortable. He has denied Bitcoin ETF applications on many occasions, noting that:

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. Those kinds of safeguards do not exist currently in all of the exchange venues where digital currencies trade."

https://www.leaprate.com/experts/tom-cleveland/crypto-bot-trading-hurting-market-reputation-and-individual-investors/

 

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