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The SEC denied @Grayscale's application for a bitcoin ETF, refusing to allow the Emperor to sell his new clothes in a trunk show. I worked at the SEC for 18 yrs, the last 11 as Chief of the SEC Office of Internet Enforcement. Here’s my take on why the SEC

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The SEC denied @Grayscale's application for a bitcoin ETF, refusing to allow the Emperor to sell his new clothes in a trunk show. I worked at the SEC for 18 yrs, the last 11 as Chief of the SEC Office of Internet Enforcement. Here’s my take on why the SEC’s denial was spot-on.???? submitted by /u/GeoStat1000
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