Mike Belshe, CEO of BitGo, predicts further challenges for the approval of spot Bitcoin ETFs in the United States. His insights, shared during a Bloomberg interview, highlight unresolved market structure issues as a significant barrier. Despite some optimism in the crypto market about the eventual approval of these ETFs, Belshe’s outlook suggests a different scenario. The U.S. Securities and Exchange Commission (SEC) continues to closely scrutinize these applications, emphasizing investor protection from market manipulation.
Bitcoin ETFs Face Intensified SEC Scrutiny
The collapse of FTX and the subsequent legal troubles of its founder, Sam Bankman-Fried, have cast a long shadow over the crypto industry. Bankman-Fried’s attempt to influence U.S. crypto regulations did not yield the desired results.
Now, with a potential 115-year sentence looming over him for fraud and misappropriation charges, the industry faces increased skepticism. This skepticism extends to companies like Coinbas
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