Brothers Tyler and Cameron Winklevoss have had their bitcoin exchange-traded fund (ETF) application denied by the US Securities and Exchange Commission (SEC). The pair had their original application for a bitcoin ETF rejected by the SEC in February 2017, due to the highly unregulated nature of bitcoin markets. The Commission stated its concern that a significant portion of Bitcoin trading happens on “unregulated exchanges outside the United States,” in addition to qualms over low liquidity. In an interview with CNBC on Thursday, Tyler Winklevoss, who is also known as “Bitcoin” or “the man behind the scenes” at his cryptocurrency exchange Gemini Trust Company, said
Brothers Tyler and Cameron Winklevoss have had their bitcoin exchange-traded fund (ETF) application denied by the US Securities and Exchange Commission (SEC). The pair had their original application for a bitcoin ETF rejected by the SEC in February 2017, due to the highly unregulated nature of bitcoin markets. In an interview with CNBC on Thursday, Tyler Winklevoss, who is also known as “Bitcoin” or “the man behind the scenes” at his cryptocurrency exchange Gemini Trust Company, said