SEC Issues Sudden Warning As Bitcoin ETF Race Primes Crypto For A $17 Trillion Earthquake—Boosting The Price Of Ethereum, XRP And Solana

Bitcoin BTC And major cryptocurrencies like Ethereum, XRP. XRP And Solana has been in flux in recent months as the market braces for a $17 trillion earthquake.

Subscribe to Forbes CryptoAsset and Blockchain Advisor right now and “Discover Blockchain Blockbusters Poised for 1000% and More Profits” before next year's historic Bitcoin reduction!

Bitcoin's price has surged nearly 200% over the past 12 months as Wall Street rushes to launch a bitcoin exchange-traded fund (ETF) despite BlackRock's proposal. Others may unwittingly "spend" bitcoins.

US Securities and Exchange Commission (SEC) Chairman Gary Gensler today warned that Bitcoin and crypto companies are not complying with federal securities laws, after a transaction that Bitcoin's enigmatic founder was "excited."

A Historic Bitcoin Halving Expected to Wreak Chaos in Cryptocurrency Prices Is Imminent! Subscribe now to the free CryptoCodex - a daily newsletter for traders, investors and cryptocurrencies to help you stay ahead of the market.

MORE FROM FORBES 'Satoshi Awakens' - Secret Bitcoin Creator Satoshi Nakamoto Joins Legendary Billy Bumbu

"Offering investments/services in crypto-assets may not comply with applicable laws, including federal securities laws," wrote Gensler X. "Investors investing

in crypto-asset securities should understand that they may be deprived of key information and other important means protecting your investment."

Is this an opportunity for you at the SEC? Some

believe the SEC may follow a similar pattern in approving a bitcoin futures ETF in 2021, as the SEC issued a similar warning a day before approving the first bitcoin ETF. 'uschers bitcoin usa

crypto brown law Rudnick "I know we love to hate. Gensler, but I really think it makes sense to post a thread like this before the Bitcoin ETF is approved tomorrow," wrote analyst Haley Lennon to Casey Wagner Partnership at X. Blockworks . is any indication, Gensler's message could mean positive news ahead."

Subscribe Now to CryptoCodex -

More from FORBES More from FORBES Giant $1.5 Trillion ETF Predicts Snow » Rapid Price Rise to bitcoins. Ethereum, XRP and Solana Trigger by Billy Bambre

The SEC is currently reviewing several applications for spot bitcoin ETFs from the world's largest asset managers, including BlackRock.

black

and loyalty. Meanwhile, cryptocurrency manager Greyscale is hoping to turn its pioneering Bitcoin Trust into a spot bitcoin ETF after winning a legal victory that will greatly improve its chances of success.

Almost 10 years after the Facebook co-founders first attempted to create the Winklevoss twins, the race to finally launch a full-fledged bitcoin space ETF began last June at BlackRock.

Other Wall Street giants, which collectively manage $17 trillion on behalf of their clients, have followed BlackRock's lead by boosting bitcoin's growth in the second half of 2023 and fueling the growth of other major cryptocurrencies, including Ethereum, XRP and Solana.

This is the financial board.