Quote from: seoincorporation on January 05, 2024, 08:02:21 PM

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A good example that we have of market manipulation is what Elon did with Dogecoins, and looks like SEC gives zero fucks about it. So, people don't have to worry about this.

I wouldn't say that they (SEC) didn't really care that Mr. Mars was manipulating that altcoin, which managed to pump up to, if I'm not mistaken, $0.70 - and I see proof of that in the fact that he very abruptly stopped what he was doing because he probably received a warning that he could be punished much worse than it was in 2018.

Quote from: https://www.sec.gov/news/press-release/2018-226

Washington D.C., Sept. 29, 2018 —
The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to settle. The settlements, which are subject to court approval, will result in comprehensive corporate governance and other reforms at Tesla—including Musk’s removal as Chairman of the Tesla board—and the payment by Musk and Tesla of financial penalties]

Quote from: bitmover on January 05, 2024, 10:13:50 PM

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Sec regulatory requirements may be pain in the ass and terrible for price, but they do work to make market manipulation more difficult.

I think they just wanted to ensure as much control as possible over such a way of trading when it comes to Bitcoin, and if they now have the largest company that is practically very close to political structures (BlackRock) and the company that will do the custodial part of the work (Coinbase), we can to conclude that there are conditions for approving such an ETF.