The president of the United States Securities and Exchange Commission (SEC), Jay Clayton, said that for Bitcoin (BTC) to be traded on an important exchange, it needs stronger regulation.
Considering Nasdaq
CNBC reported on September 19 that Clayton made his comments today at the Delivering Alpha conference, where he also warned investors to be careful until Bitcoin is regulated and traded in a major exchange. Clayton said:
"If (investors) think there is the same rigor around that price discovery that exists in Nasdaq or the New York Stock Exchange … they are very wrong." (…) We have to reach a place where we can be sure that trade is better regulated. "
Bitcoin is not listed on the main exchanges
The author of the report notes that, while the Bitcoin futures contracts of the Chicago Mercantile Exchange are traded on an important exchange, Bitcoin itself does not. According to the article, attempts to bring Bitcoin to the mainstream include attempts to launch publicly traded funds (ETFs) that have so far been rejected by regulators for concerns caused by their volatility and fraud within the space.
In the last failed attempt to obtain the approval of a Bitcoin ETF – as Cointelegraph reported yesterday – BZX Equity Exchange of the Chicago Board Options Exchange withdrew its proposal from the US SEC. UU. for a VanEck and SolidX Bitcoin ETF.
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