Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
The former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC) has raised concerns about spot bitcoin exchange-traded funds (ETFs), stating that they will give rise to another massive investor scam driven by Wall Street fees. Additionally, he emphasized that these ETFs are likely to be the most centralized crypto mechanism imaginable. […]