SEC Unprepared for Bitcoin, Applications Denied and Withdrawn as a Result

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SEC Unprepared for Bitcoin, Applications Denied and Withdrawn as a ResultSEC Unprepared for Bitcoin, Applications Denied and Withdrawn as a Result

The Securities and Exchange Commission (SEC) is the U.S.’s independent exchange gatekeeper: without its blessing mainstream trading is not possible. It continues to frustrate would-be bitcoin exchange applicants who are now withdrawing. Even its former head has doubts about the SEC’s competence when it comes to bitcoin.

Also read: Bitcoin Core Developer Appeals to SEC Regarding BIT

SEC Pushes Bitcoin Listings Back to OTC

Companies seeking exchange equity volume and prestige come to the New York Stock Exchange (NYSE). The Big Board, as it’s known, is the world’s most important exchange by the metric of market capitalization. NYSE is also the traditional home to the Dow Jones Industrial Average (DJIA) – which comprises 30 representative


Read more ... source: Bitcoin.com

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